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Chariot Resources Plans Placement of Up to 5 Million New Shares

Story Highlights
  • Chariot Resources plans to issue up to 5 million new ordinary shares through a placement or similar equity raising.
  • The June 2026 share issue aims to bolster the company’s capital base, with implications for funding capacity and shareholder dilution.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Chariot Resources Plans Placement of Up to 5 Million New Shares

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Chariot Corporation Limited ( (AU:CC9) ) has shared an announcement.

Chariot Resources Ltd has notified the ASX of its intention to conduct a placement or similar type of securities issue, seeking to issue up to 5 million new ordinary fully paid shares under its existing listing framework. The proposed issuance, scheduled for 10 June 2026, signals a move to raise additional equity capital, which could support the company’s future corporate or project funding needs and may lead to dilution for existing shareholders while potentially strengthening the balance sheet depending on pricing and demand for the new shares.

More about Chariot Corporation Limited

Chariot Resources Ltd, listed on the ASX under the code CC9, is an Australian-listed company; however, the announcement does not provide details on its specific industry, products or services, or target markets.

Average Trading Volume: 303,983

Technical Sentiment Signal: Hold

Current Market Cap: A$30.87M

For an in-depth examination of CC9 stock, go to TipRanks’ Overview page.

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