Celsius Resources Director Increases Indirect Shareholding via Placement

Celsius Resources ( (AU:CLA) ) has issued an announcement.

Celsius Resources has disclosed a change in director Bardin Davis’s interests, with an indirect holding of 2,096,111 fully paid ordinary shares now registered under Baromoda Holdings Pty Ltd, an entity controlled by him. The new stake comprises 1,250,000 shares acquired at A$0.02 each and 846,111 shares issued for no cash consideration as part of director placement securities and consideration shares approved by shareholders, modestly increasing insider ownership and aligning the director’s interests more closely with those of investors.

The transaction indicates ongoing use of equity-based participation to incentivise key management and support the company’s capital structure. For stakeholders, the additional director shareholding may be seen as a signal of confidence in the company’s prospects, although the financial impact is relatively limited given the small absolute value and lack of broader operational updates in this notice.

More about Celsius Resources

Celsius Resources Limited is an ASX-listed company operating in the resources sector. It is involved in issuing fully paid ordinary shares and related equity instruments, reflecting its role as a capital-intensive explorer or developer within the broader mining and resources industry.

YTD Price Performance: -8.33%

Average Trading Volume: 9,872,488

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$29.76M

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