Foresta Group Expands Investment with New Share Offering

Leaf Resources Limited (AU:FGH) has released an update.

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Foresta Group Holdings Limited has announced an increase in its placement size by $50,000, raising a total of $1.15 million through the issuance of 230 million new shares at $0.005 each. This move, involving sophisticated investors and company directors, includes a free unlisted option for each share, exercisable at $0.02 within two years. The settlement of these shares is expected to occur on December 3, 2024, signaling an opportunity for investors interested in the natural and renewable pine chemical industry.

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

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