tiprankstipranks
Advertisement
Advertisement

Celsius Resources Issues New Shares Under Corporations Act Disclosure Exemption

Story Highlights
  • Celsius Resources issued 2,596,111 new ordinary shares under shareholder-approved resolutions without a prospectus.
  • The company confirmed compliance with reporting and disclosure rules, enabling secondary trading of the new shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Celsius Resources Issues New Shares Under Corporations Act Disclosure Exemption

Claim 55% Off TipRanks

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

Celsius Resources has issued 2,596,111 fully paid ordinary shares following shareholder approvals granted under resolutions at a recent general meeting. The new shares were issued without a prospectus under the Corporations Act’s secondary trading provisions, indicating the company is making use of existing disclosure exemptions for capital management.

In its cleansing notice, the company confirmed it has complied with its financial reporting and continuous disclosure obligations and that there is no excluded information that would need to be disclosed to investors. This formal statement is intended to support secondary trading of the newly issued shares and underpins regulatory transparency for current and prospective shareholders.

More about Celsius Resources

Celsius Resources Limited is an Australia-based resources company listed on the ASX and AIM under the ticker CLA. The company is engaged in mineral exploration and development, operating within the broader mining and resources sector and targeting investors in the Australian and UK capital markets.

YTD Price Performance: -8.33%

Average Trading Volume: 9,872,488

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$29.76M

See more insights into CLA stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1