FRS: not recommending it or anything .. but best to check facts to be fair .. they just did a placement as per notice on the 7th of October
Forrestania Resources Limited (ASX:FRS) (Forrestania or the Company), is pleased to announce it has accepted binding commitments for a Placement of 18.0 million shares at an issue price of $0.15 per share (“Placement Shares”) to raise $2.7 million before costs (“Placement”). The issue price represents a discount of 13% to the last close price of $0.1725 and a discount of 25% to the 10 Day VWAP of $0.20.
