Catalina Resources Issues New Shares for Spinifex Silver Acquisition

Shree Minerals Limited ( (AU:CTN) ) has shared an update.

Catalina Resources has applied to the ASX for quotation of 3,048,780 new ordinary fully paid shares issued as part of the consideration for acquiring the Spinifex Silver asset. The move expands the company’s listed capital base and signals an ongoing strategy of growth through asset acquisition in the resources sector, with potential implications for shareholder dilution and future project development.

The new CTN securities are scheduled to be quoted from March 16, 2026, following completion of the Spinifex Silver transaction. By leveraging equity as currency in this deal, Catalina Resources is aligning its capital structure with its expansion plans, which may enhance its project portfolio and market positioning if the acquired asset contributes meaningfully to future operations.

The most recent analyst rating on (AU:CTN) stock is a Hold with a A$0.08 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 operating in the mining and exploration sector. The company is focused on acquiring and developing mineral assets, with its ordinary fully paid shares traded on the ASX under the code CTN.

Average Trading Volume: 1,071,102

Technical Sentiment Signal: Sell

Current Market Cap: A$10.85M

For an in-depth examination of CTN stock, go to TipRanks’ Overview page.