Celsius Resources Issues New Shares as Service Consideration

An announcement from Celsius Resources ( (AU:CLA) ) is now available.

Celsius Resources Limited has applied to the ASX for quotation of 846,111 new ordinary fully paid shares, issued as consideration for services based on the five-day volume-weighted average price prior to the issue date. The move modestly increases the company’s share count and reflects the use of equity to pay for services, which may help preserve cash but slightly dilutes existing shareholders.

The new shares, to be traded under the existing CLA ticker, are scheduled to be issued and quoted from 1 May 2026 in line with ASX listing rules. This small capital management step signals ongoing operational activity and engagement of external service providers, while maintaining the company’s presence in the market through additional listed securities.

More about Celsius Resources

Celsius Resources Limited is an ASX-listed company in the resources sector, trading under the code CLA. The company is involved in mineral exploration and development, with its ordinary fully paid shares quoted on the Australian Securities Exchange for investors seeking exposure to its projects.

YTD Price Performance: -8.33%

Average Trading Volume: 9,872,488

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$29.76M

Learn more about CLA stock on TipRanks’ Stock Analysis page.