Celsius Resources completes second tranche of equity placement

Published 16/05/2025, 09:48
Celsius Resources completes second tranche of equity placement

PERTH - Celsius Resources Limited (ASX, AIM:CLA), a mining and exploration company, has announced the successful completion of the second tranche of its equity placement today, raising approximately A$1.748 million. This follows the shareholder approval at the General Meeting on April 28, 2025, which also included the issuance of free-attaching options and broker options expected to be issued around May 19, 2025, pending ASX quotation requirements.

The company placed 227,917,252 fully paid ordinary shares priced at A$0.008 each to a mix of new and existing shareholders, as well as institutional investors. These shares, now equivalent in status to existing ordinary shares, are being admitted for trading on the AIM market.

Celsius Resources issued the shares without public disclosure under the Corporations Act, confirming compliance with the Act’s provisions as of the date of the notice. The company also stated that there is no excluded information that would be required in the notice under section 708A(6)(e) of the Act.

The funds raised from this placement are expected to further the company’s operational and strategic objectives, although specific details regarding the use of proceeds were not disclosed in the press release.

This financial move comes amid a series of strategic efforts by Celsius Resources to strengthen its position in the mining sector. The placement and subsequent share admission signify investor confidence and provide the company with additional capital to advance its projects.

The announcement, authorized by the board of directors of Celsius Resources Limited, is based on a press release statement and contains no forward-looking statements that would require further verification or imply future performance. The company’s plans are subject to a range of market conditions and regulatory requirements.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.