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Locksley Resources Announces New Share Issuance to Bolster Financial Position

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Locksley Resources Announces New Share Issuance to Bolster Financial Position

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Locksley Resources Limited ( (AU:LKY) ) has issued an update.

Locksley Resources Limited, listed on the Australian Securities Exchange (ASX: LKY), has announced the issuance of a total of 20,770,912 fully paid ordinary shares. This includes shares issued as part of a capital raising effort, conversion of unlisted options, satisfaction of performance hurdles, and in lieu of cash payments to service providers. The issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, and the company has confirmed compliance with relevant provisions of the Act. This move is likely aimed at strengthening the company’s financial position and operational capabilities.

More about Locksley Resources Limited

Average Trading Volume: 14,858,158

Technical Sentiment Signal: Buy

Current Market Cap: A$126M

For an in-depth examination of LKY stock, go to TipRanks’ Overview page.

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