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Redcastle Resources Limited (ASX:RC1)
ALERT: Price-sensitive ASX Announcement for RC1
Current share price for RC1 : $0.105 -0.04 (-27.59%)+
Announcement
Release
20 May 2026 9:15AM
Price at Release
$0.145
Full Release
Summary
Redcastle Resources Limited announced a placement to raise A$2 million through the issuance of 14,285,714 new shares at A$0.14 per share, representing a discount to recent trading prices. The funds raised will be used to expedite exploration across the company's portfolio, including drilling at MCE and other targets, explore new ventures, and for general working capital. The new shares are expected to be issued around 26 May 2026. Xcel Capital Pty Ltd acted as the sole lead manager for this placement.
Key Points
- Placement to raise A$2 million.
- 14,285,714 shares at A$0.14 per share.
- Funds to expedite exploration and development.
- New shares expected to be issued on 26 May 2026.
- Xcel Capital Pty Ltd acted as sole lead manager.
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.
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