Labyrinth Resources Plans Major Share Issue

Labyrinth Resources Limited (AU:LRL) has released an update.

Labyrinth Resources Limited has announced plans to issue a maximum of 12.5 million fully paid ordinary shares, with the proposed issue date set for September 30, 2024. This move aims to raise capital through a placement or other type of security issue, subject to approval by the Australian Securities Exchange (ASX).

For further insights into AU:LRL stock, check out TipRanks’ Stock Analysis page.