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Celsius Resources ( (AU:CLA) ) has issued an update.
Celsius Resources has disclosed that it became aware via a public press release that Maharlika Investment Corporation has agreed to sell and assign its loan position under the Omnibus Loan and Security Agreement with Makilala Mining Company Inc. to Equinaire Holdings Limited, a subsidiary of India’s Kiri Industries. Celsius stated it was not informed in advance of MIC’s intention to progress this sale and assignment, has not yet received formal notification, and is now assessing its position with advice from legal and financial advisers, signaling potential implications for the financing structure and governance around its Makilala-related assets.
More about Celsius Resources
Celsius Resources Limited is an Australia-based mining and resources company listed on the ASX and AIM under the ticker CLA. The company is involved in mineral exploration and development, operating through subsidiaries such as Makilala Mining Company Inc. and engaging with international partners and financiers to advance its resource projects.
YTD Price Performance: -8.33%
Average Trading Volume: 10,679,314
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$40.92M
See more data about CLA stock on TipRanks’ Stock Analysis page.