Shares of Lindian Resources Fall After Entering Options Underwriting Deal

MT Newswires Live

2025/12/10

Shares of Lindian Resources (ASX:LIN) fell past 1% in recent Wednesday trade after it said in a late Tuesday Australian bourse filing that it secured an underwriting agreement with Petra Capital to fully underwrite the exercise of about 17.8 million remaining options at AU$0.30 apiece for AU$5 million in total, according to a Wednesday Australian bourse filing.

The underwriter will buy any unexercised options when they expire on Dec. 9 and receive a 6% fee, the filing said.

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