Castle Minerals Limited ( (AU:CDT) ) has provided an update.
Castle Minerals Limited has announced a non-renounceable pro-rata entitlement offer of new unlisted options to reward the loyalty of its shareholders. This offer, which aims to raise up to $193,349.28, will provide funds for the company’s general working capital and cover the expenses of the offer. The company has lodged a prospectus with ASIC detailing the offer’s terms, capital structure impact, and associated risks. The offer is not underwritten, and any unclaimed entitlements will form a shortfall, which the directors may place within three months following the offer’s closing date.
More about Castle Minerals Limited
Castle Minerals Limited is an Australian Securities Exchange (ASX: CDT) listed company based in Perth, Western Australia. It has interests in projects located in Ghana and Western Australia, focusing on gold, graphite, and base metals. In Ghana, Castle owns the Kpali Gold Project and the Kandia Gold Project, both situated in the Birimian geological terrane. The company also owns the Kambale Graphite Project, which is being evaluated for producing battery-grade material. In Western Australia, Castle is involved in projects like the Polelle Project, Wanganui Project, Terra Rossa copper-zinc project, and Beasley Creek Project, with some projects optioned for purchase by Great Boulder Resources Limited.
YTD Price Performance: -1.67%
Average Trading Volume: 889,521
Technical Sentiment Signal: Buy
Current Market Cap: A$6.84M
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