Cavalier Resources Limited (AU:CVR) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Cavalier Resources Limited aims to raise $1.7 million through a 1-for-3 non-renounceable rights issue priced at 12 cents per share, a 14.3% discount to its last traded price. The funding is directed towards advancing the Crawford Gold Project towards production, drilling at Ella’s Rock Li-Au-Ni Project, and for general capital purposes. Eligible shareholders in Australia and New Zealand can participate and apply for additional shares through a shortfall facility.
For further insights into AU:CVR stock, check out TipRanks’ Stock Analysis page.