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Cannindah Resources Limited ( (AU:CAE) ) has shared an announcement.
Cannindah Resources Limited has announced a proposed capital raising comprising a securities purchase plan for up to 44,444,444 new ordinary shares, alongside a separate placement of up to 246,111,111 ordinary shares and 10,000,000 options exercisable at $0.0675 and expiring on 9 February 2029. The transactions, with key dates in February 2026, are intended to expand the company’s equity base and provide additional funding flexibility, which may support ongoing exploration and development activities and potentially strengthen its position within the resources sector and among existing and new shareholders.
The most recent analyst rating on (AU:CAE) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
More about Cannindah Resources Limited
Cannindah Resources Limited is an ASX-listed resources company (code CAE) involved in mineral exploration and development, providing investors with exposure to the Australian mining sector through its ordinary fully paid shares.
Average Trading Volume: 892,391
Technical Sentiment Signal: Buy
Current Market Cap: A$57.77M
See more data about CAE stock on TipRanks’ Stock Analysis page.