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CGN Resources Ltd. ( (AU:CGR) ) has issued an announcement.
CGN Resources Limited has announced a proposed placement of up to 5 million fully paid ordinary shares, with the new securities expected to be issued on 16 February 2026. The capital raising, conducted via a placement or similar issue, is intended to support the company’s ongoing operations and exploration programs, potentially strengthening its balance sheet and providing additional funding flexibility as it pursues its resource development strategy and seeks to enhance its position in the competitive resources sector.
More about CGN Resources Ltd.
CGN Resources Limited (ASX: CGR) is an Australian-listed company operating in the resources sector, with its primary business centred on exploration and development of mineral assets. The company’s activities are focused on acquiring and advancing resource projects to create value for shareholders in the mining and commodities market.
Average Trading Volume: 107,212
Technical Sentiment Signal: Buy
Current Market Cap: A$11.57M
For a thorough assessment of CGR stock, go to TipRanks’ Stock Analysis page.