The latest announcement is out from Celsius Resources ( (AU:CLA) ).
Celsius Resources Limited has announced an update regarding its Tranche 2 Placement, where it will issue additional free-attaching options to participants on a 1-for-2 basis, subject to shareholder approval. This decision is a strategic move to maintain investor support amid challenging market conditions and geopolitical uncertainties. The options, exercisable at A$0.01 and expiring in three years, aim to enhance investor confidence and are proposed to be quoted on the ASX, with issuance expected around 16 May 2025. Directors and major stakeholders, including Silvercorp Metals, Inc., are participating under the same terms, reflecting a unified approach to bolstering the company’s financial stability.
More about Celsius Resources
Celsius Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on both the Australian Securities Exchange (ASX) and the AIM market of the London Stock Exchange, indicating its commitment to expanding its market presence and attracting a diverse range of investors.
YTD Price Performance: -35.00%
Average Trading Volume: 1,474,104
Technical Sentiment Signal: Sell
Current Market Cap: £9.83M
Learn more about CLA stock on TipRanks’ Stock Analysis page.