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Catalina Resources Issues 12.7 Million Unquoted Options

Story Highlights
  • Catalina Resources has issued over 12.6 million unquoted options exercisable at $0.115, expiring in May 2027.
  • These unquoted options stem from previously announced transactions and may dilute existing shareholders if exercised.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Catalina Resources Issues 12.7 Million Unquoted Options

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An announcement from Shree Minerals Limited ( (AU:CTN) ) is now available.

Catalina Resources Ltd has notified the market of the issue of 12,652,149 unquoted options, exercisable at $0.115 and expiring on 22 May 2027. The options, which are not intended to be quoted on the ASX, form part of previously announced transactions and reflect an ongoing approach to using equity-based instruments in its capital management and incentive structures, with potential dilution for existing shareholders if exercised.

The most recent analyst rating on (AU:CTN) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Shree Minerals Limited stock, see the AU:CTN Stock Forecast page.

More about Shree Minerals Limited

Catalina Resources Ltd is an Australian-listed resources company focused on mineral exploration and development, with its securities traded on the ASX under the code CTN.

Average Trading Volume: 372,101

Technical Sentiment Signal: Sell

Current Market Cap: A$11.2M

Learn more about CTN stock on TipRanks’ Stock Analysis page.

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