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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.
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