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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 8:42AM
Price at Release
$0.145
Full Release
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Summary
Constellation Resources Limited announced a non-renounceable entitlement offer to raise approximately $3.22 million through the issuance of up to 26,798,149 new fully paid ordinary shares. The offer is set at an issue price of $0.12 per share, providing eligible shareholders the opportunity to purchase one new share for every three shares held as of the record date, June 29, 2026. Directors and officers plan to purchase a substantial number of these shares. The funds raised are intended for advancing exploration activities in Western Australia, business development, and general working capital purposes. The offer opens on July 2, 2026, and closes on July 23, 2026.
Key Points
  • Constellation Resources Limited is undertaking a non-renounceable entitlement offer.
  • The entitlement offer aims to raise approximately $3.22 million.
  • Eligible shareholders can purchase one new share for every three shares held.
  • The issue price for new shares is set at $0.12 per share.
  • Directors and officers intend to take up a significant portion of new shares.
  • Funds will be used for exploration activities in Western Australia and general working capital.
  • Key dates include the record date on June 29, 2026, and the closing date on July 23, 2026.
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.