The latest announcement is out from Canterbury Resources Ltd. ( (AU:CBY) ).
Canterbury Resources Limited has successfully raised $125,000 through the issuance of 5,000,000 fully paid ordinary shares at $0.025 each in a private placement. Each share comes with a free attaching option, exercisable at $0.05, expiring on December 31, 2026. This strategic move utilizes the company’s placement capacity under ASX Listing Rules, potentially strengthening its financial position and providing additional capital for ongoing projects.
More about Canterbury Resources Ltd.
Canterbury Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in identifying and advancing projects with significant potential for copper and gold deposits.
YTD Price Performance: 5.00%
Average Trading Volume: 368,208
Technical Sentiment Signal: Buy
Current Market Cap: A$4.15M
For an in-depth examination of CBY stock, go to TipRanks’ Stock Analysis page.