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PERTH - Celsius Resources Limited (ASX, AIM:CLA), a mining and exploration company, announced today that it will grant additional free-attaching options to participants of its Tranche 2 placement. This decision follows the shareholder approval received at the general meeting on April 28, 2025.
Amidst the challenging market conditions and increasing geopolitical and macroeconomic uncertainties, Celsius is issuing these additional options as a gesture of appreciation for investors’ ongoing support. These additional options will be on a 1-for-2 basis, contingent on shareholder consent.
The options from the placement, exercisable at A$0.01 each and set to expire three years from the issue date, were sanctioned by shareholders during the general meeting. The company is preparing a prospectus for the issuance of these placement options and, if shareholder approval is obtained, the additional options as well. Both are proposed to be listed on the ASX, provided they meet the ASX Conditions for new securities. If these conditions are not met, the options will still be issued but as unquoted.
Participants of both Tranche 1 and Tranche 2 are identical, thus all will be entitled to the additional options. The Tranche 2 placement securities are anticipated to be issued on or about May 16, 2025.
Directors Mark van Kerkwijk and Paul Dudley, who participated in the Tranche 2 placement, will receive the additional options on the same terms as other investors. Silvercorp Metals (NYSE:SVM), Inc. is also entitled to additional options in line with its equity participation right from May 15, 2023.
Celsius Resources has stated that further announcements will be made as necessary. This move is part of the company’s efforts to navigate through current market challenges while maintaining investor relations.
The information in this article is based on a press release statement and is intended to provide shareholders and potential investors with updates on the company’s financial maneuvers and strategic decisions.
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