During the June quarter 2024 Far Northern Resources Ltd (ASX:FNR) successfully raised $4.16 million and was accepted to admission to the official list of the Australian Stock Exchange (ASX). Shares in FNR started trading on the 12th of April 2024. The Initial Public Offering (IPO) raised $4,165,000 through the issue of 20,825,000 shares at an issue price of $0.20. The total undiluted shares on issue at the date of listing was 70,961,135 with FNR having a Market Capitalisation of $14,192,227 and an Enterprise Value (EV) of $10,027,227.
FNR has accumulated an exciting package of tenements in the Northern Territory and Queensland that are highly prospective for gold and copper. Exploration commenced in the Northern Territory and North Queensland at the Empire project.
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