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Shree Minerals Limited ( (AU:CTN) ) has provided an announcement.
Catalina Resources Ltd has announced an equity raising initiative through a non-renounceable entitlement offer, aiming to raise approximately $2,274,392. The offer allows eligible shareholders to purchase one new share for every two shares held, with an additional free share for every five new shares applied for. The initiative is not underwritten, and the company will manage any shortfall at its discretion. The impact on company control will depend on investor participation, but if fully subscribed, it is not expected to materially affect shareholder control.
More about Shree Minerals Limited
Catalina Resources Ltd is an Australian diversified mineral exploration and mine development company focused on exploring and developing gold, base metals, lithium, and iron ore projects to create shareholder value.
Current Market Cap: A$5.27M
See more insights into CTN stock on TipRanks’ Stock Analysis page.