Lodestar Minerals (ASX:LSR) has officially lodged the prospectus for its bonus issue of loyalty options to eligible shareholders. This follows a recently completed two-tranche placement aimed at raising $2.2 million. Lodestar Minerals is an Australian resources company focused on the exploration and development of mineral deposits. The company’s projects include gold and base metals exploration in Western Australia.
The bonus issue, initially announced on 30 June 2025, proposed a non-renounceable pro-rata offering of one new option for every 30 shares held. This allocation ratio has since been revised to one new option for every 20 shares held, increasing the potential benefit to shareholders. The record date for determining entitlements to the bonus options is set for 14 August 2025.
In addition to the initial placement, Lodestar Minerals increased its capital raise by an additional $500,000 on 10 July. The additional funds will be specifically allocated to further exploration activities across the Darwin and Three Saints projects, both located in Chile. These projects are situated in a region known for its rich copper deposits and gold-rich iron-oxide copper gold deposits, including Carola and Atacama Kozan.
