Cauldron Energy Announces Entitlement Issue to Raise $1.95 Million

Cauldron Energy ( (AU:CXU) ) has provided an update.

Cauldron Energy Limited has announced a pro-rata renounceable entitlement issue to raise up to $1,948,539 by offering 2 shares for every 9 shares held at an issue price of $0.006 per share. The offer is fully underwritten by Parle Investments Pty Ltd, indicating a strategic move to bolster the company’s financial position and potentially enhance its market operations. This capital raising effort reflects the company’s ongoing commitment to meeting its continuous disclosure obligations and maintaining its position within the energy sector.

More about Cauldron Energy

Cauldron Energy Limited is a company operating in the energy sector, focusing on the exploration and development of uranium and other energy-related resources. The company is involved in projects that aim to enhance energy production and supply, catering to the growing demand in the energy market.

YTD Price Performance: -16.67%

Average Trading Volume: 1,533,631

Technical Sentiment Signal: Sell

Current Market Cap: A$13.15M

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