Legacy Iron Ore (ASX:LCY) resumed trading on the Australian Securities Exchange Friday following the issue of roughly 34.5 million shares Thursday under its retail entitlement offer, according to a Thursday filing with the Australian bourse.

The company's shares were down past 15% in afternoon trade and earlier hit a new 52-week low.

Price (AUD): $0.01, Change: $-0.002, Percent Change: -15.38%