Chariot Resources Raises A$2.1m in Share Placement with Attaching Options

Chariot Corporation Limited ( (AU:CC9) ) just unveiled an announcement.

Chariot Resources Ltd has raised A$2.1 million before costs through the issue of 21 million fully paid ordinary shares at A$0.10 each to institutional, sophisticated and professional investors, including existing shareholders and long-term lithium investors. The new shares, issued under the company’s existing placement capacities, rank equally with existing ordinary shares on issue.

For every two new shares subscribed, investors will receive one free attaching listed option in the CC9O class, exercisable at A$0.10 and expiring on 19 December 2028, subject to shareholder approval. Non-executive director Brendan Borg has applied to take part in the offer, also subject to shareholder approval, underscoring board alignment as the placement strengthens Chariot’s balance sheet and supports its ongoing project and corporate activities.

More about Chariot Corporation Limited

Chariot Resources Ltd is an ASX-listed company focused on lithium-related resource projects, attracting interest from institutional, sophisticated and long-term lithium investors. The company is supported by specialist resource investment groups, including associates of GBA Capital, which acted as lead manager in its latest capital raising.

Average Trading Volume: 210,878

Technical Sentiment Signal: Sell

Current Market Cap: A$22.64M

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