ASX:LINMetals and Mining
Lindian Resources (ASX:LIN) Is Up 13.7% After A$100m Equity Raise And Leadership Reshuffle – Has The Bull Case Changed?
Lindian Resources Limited recently completed a follow-on equity offering of A$100,000,001, issuing 133,333,334 new ordinary shares at A$0.75 each, at a A$0.045 per-share discount.
Alongside this capital raise, the company reshaped its leadership and on-the-ground presence, with its former CFO joining the board and a new in-country manager appointed for Kazakhstan to support its MREC and downstream plans.
We’ll now examine how this sizeable capital raising, alongside leadership changes,...