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Shree Minerals Limited ( (AU:CTN) ) just unveiled an announcement.
Catalina Resources Ltd, a company focused on gold exploration in Western Australia, has announced a successful placement raising approximately A$1.266 million from sophisticated investors. This capital injection will bolster the company’s cash position to around A$3.5 million, enabling it to advance its exploration projects in the Central Yilgarn and Beasley Creek regions. The placement includes issuing 422 million shares at A$0.003 each, with participants receiving options exercisable at A$0.005. The funds will primarily support a 20,000-meter drilling program scheduled to begin in December 2025. Additionally, the company proposes a 1-for-23 share consolidation to streamline its capital structure, pending shareholder approval.
More about Shree Minerals Limited
Current Market Cap: A$8.54M
See more insights into CTN stock on TipRanks’ Stock Analysis page.