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Corella Resources Ltd (ASX:CR9)

ALERT: Price-sensitive ASX Announcement for CR9
Current share price for CR9 : $0.011 0.009 (450%)+
Announcement
Release
12 Mar 2025 8:17PM
Price at Release
$0.002
Full Release
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Summary
Corella Resources Ltd (ASX:CR9) has announced a fully underwritten, non-renounceable rights issue to raise approximately $935,000 before costs through an entitlement offer to eligible shareholders. Each eligible shareholder will have the opportunity to purchase one fully paid ordinary share at an issue price of $0.002 per share, with one free attaching option available for every new share subscribed. The rights issue is designed to provide working capital and maintain commitments on the company's tenements. The offer will open on 24 March 2025 and is set to close on 3 April 2025, with funds raised being allocated to support the company's ongoing operational requirements.
Key Points
  • Corella Resources Ltd is conducting a capital raising of approximately $935,000.
  • The rights issue will be under a non-renounceable entitlement offer to eligible shareholders.
  • Eligible shareholders can purchase one fully paid ordinary share for $0.002.
  • Each new share subscribed will have one free attaching option exercisable at $0.002.
  • The rights issue is expected to open on 24 March 2025 and close on 3 April 2025.
  • Funds raised will support working capital and tenement commitments.
  • CPS Capital Group Pty Ltd will act as lead manager and fully underwriter for the rights issue.
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.