Lindian Resources Secures AU$1.7 Million From Option Exercise, R&D Tax Refund

MT Newswires Live
Jun 12

Lindian Resources (ASX:LIN) received a total of AU$1.7 million in cash from the exercise of options and a cash refund under the federal government's research and development tax incentive program, according to a Thursday filing with the Australian bourse.

The company raised AU$1.2 million through the exercise of 10 million unlisted options at AU$0.12 each, and received AU$448,753 under the incentive program, the filing said.

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