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LONDON - Celsius Resources Limited (AIM/ASX:CLA) announced Wednesday its intention to raise approximately £0.5 million through a placing of new ordinary shares to institutional and other investors at a price of 0.5 pence per share.
The placing price represents a 5 percent discount to the company's closing price of 0.525 pence per share on November 11, 2025. The placing will be conducted through an accelerated bookbuild process managed by Zeus Capital Limited.
According to the company's announcement, the placing will involve the issuance of approximately 100 million new ordinary shares, representing about 3 percent of the enlarged issued share capital following the transaction.
The net proceeds will be used to progress the company's corporate and operational strategy and for general working capital purposes.
The placing is subject to several conditions, including admission of the placing shares to trading on AIM, which is expected to occur on or around November 17, 2025. The shares will rank equally with existing ordinary shares, including rights to dividends and distributions.
As part of the fee arrangement, Celsius will issue warrants to Zeus Capital at admission to subscribe for shares equal to 5 percent of the placing shares, exercisable at A$0.015 each within three years from the date of grant.
The placing is not being underwritten and is not conditional on a minimum amount being raised.
This announcement is based on a press release statement issued by Celsius Resources on November 12, 2025.
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