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Chariot Resources Plans Major Share and Option Issue to Boost Capital Base

Story Highlights
  • Chariot Resources will issue up to 21.5 million new shares and 12.9 million options on the ASX.
  • The March 24 placement aims to strengthen Chariot’s capital base to support future resource projects.
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Chariot Resources Plans Major Share and Option Issue to Boost Capital Base

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Chariot Corporation Limited ( (AU:CC9) ) has provided an update.

Chariot Resources Ltd has announced a proposed issue of new securities on the ASX, consisting of up to 21,500,000 fully paid ordinary shares and 12,900,000 options expiring on 19 December 2028. The placement, scheduled for issue on 24 March 2026, is intended to bolster the company’s capital base, providing additional financial flexibility for its resource exploration and development activities and potentially affecting existing shareholders through dilution while supporting future growth initiatives.

More about Chariot Corporation Limited

Chariot Resources Ltd is an Australian-listed company on the ASX under the code CC9. The company is involved in the resources sector, focusing on the exploration and development of mineral assets, and uses equity capital markets to support its growth and project funding needs.

Average Trading Volume: 206,483

Technical Sentiment Signal: Sell

Current Market Cap: A$22.64M

Find detailed analytics on CC9 stock on TipRanks’ Stock Analysis page.

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