Forrestania Resources extends SPP timeline

Forrestania Resources (ASX:FRS) has announced an extension to its Share Purchase Plan (SPP). Initially set to close on October 31, 2024, the new deadline is December 8, 2024. The SPP allows eligible shareholders to purchase shares at a discounted rate of $0.0125, which is 17.54% below the last closing price. Funds raised will support exploration activities and provide working capital.

Comprehensive overview of SPP extension

Forrestania Resources (ASX:FRS) has extended the deadline for its Share Purchase Plan (SPP) to December 8, 2024. This extension allows eligible shareholders in Australia and New Zealand to purchase up to A$30,000 worth of shares without incurring brokerage fees. The shares are offered at $0.0125 each, offering a 17.54% discount. The funds raised will be used to finance exploration and drilling activities at Bonnie Vale and other key projects, alongside supporting working capital. Forrestania Resources focuses on gold, lithium, and copper exploration across strategic regions in Western Australia, positioning itself near established mining operations to enhance exploration potential.

Executive insights on SPP extension

The extension of the Share Purchase Plan deadline provides additional time for our valued shareholders to participate in this opportunity, supporting our exploration and operational objectives.