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Constellation Resources Limited (ASX:CR1)

ALERT: Price-sensitive ASX Announcement for CR1
Current share price for CR1 : $0.130 -0.015 (-10.34%)+
Announcement
Release
24 Jun 2026 8:47AM
Price at Release
$0.145
Full Release
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Summary
Constellation Resources Limited has issued an Offer Document for a non-renounceable pro-rata entitlement offer of new shares at $0.12 each to raise approximately $3.22 million. The offer is on the basis of one new share for every three shares held by eligible shareholders as of the record date, June 29, 2026. The funds will be used for exploration activities and working capital. The offer document outlines the terms and conditions of the entitlement offer, including the rights of new shareholders, timetable of events, and the actions required by shareholders to participate. There are also provisions for a Shortfall Offer to cover shares not subscribed under the entitlement offer. The document highlights the risks involved, reliance on key personnel, and the potential for dilution of existing shareholdings.
Key Points
  • Non-renounceable pro-rata entitlement offer at $0.12 per share.
  • Aims to raise $3.22 million for exploration and working capital.
  • Offer on the basis of 1 new share for every 3 shares held.
  • Record date for eligibility is June 29, 2026.
  • Outlines shareholder actions and entitlement rights.
  • Shortfall Offer for unsubscribed shares.
  • Risks and reliance on key personnel highlighted.
  • Potential dilution of existing shareholdings.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.