S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
SYDNEY - Celsius Resources Limited (ASX, AIM:CLA), an exploration and development company, announced today the completion of the second tranche of its equity placement, initially unveiled on March 10, 2025. The company successfully raised approximately A$1.748 million through the issuance of 227,917,252 fully paid ordinary shares at a price of A$0.008 each.
The shares from this tranche will be admitted for trading on the Alternative Investment Market (AIM) on May 16, 2025, and will be on equal footing (pari passu) with the existing ordinary shares. This capital raise involved both new and existing shareholders, alongside institutional investors.
This financial maneuver is part of Celsius Resources’ efforts to secure funding for its operations and projects. The placement’s completion marks a step forward in the company’s financial strategy, aiming to bolster its exploration and development activities.
The company’s board of directors has authorized the announcement, indicating its compliance with regulatory requirements and corporate governance standards. Celsius Resources has made all necessary applications and arrangements for the new shares to be traded on AIM, reflecting its adherence to market procedures and regulations.
Investors and market watchers will be observing the impact of this placement on the company’s liquidity and future project developments. The additional funds are expected to provide the necessary capital to advance Celsius Resources’ strategic plans.
This news is based on a press release statement from Celsius Resources Limited and has been reported in accordance with journalistic standards to provide an unbiased account of the company’s recent financial activity.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.