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Celsius Resources ( (AU:CLA) ) has shared an update.
Celsius Resources Limited has announced a proposed placing to raise approximately £0.5 million through the issuance of new ordinary shares at a price of 0.5 pence per share. The funds raised will be used to further the company’s corporate and operational strategy and for general working capital purposes. The placing, conducted by Zeus Capital Limited, is expected to result in the issuance of approximately 100,000,000 new shares, representing about 3% of the enlarged issued share capital. The new shares are anticipated to commence trading on AIM around 17 November 2025. This financial move is aimed at strengthening Celsius Resources’ market position and supporting its growth initiatives.
More about Celsius Resources
Celsius Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the production and exploration of copper and gold, with a market focus on expanding its resource base and enhancing its operational capabilities.
See more insights into CLA stock on TipRanks’ Stock Analysis page.