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Constellation Resources Ltd. ( (AU:CR1) ) has issued an update.
Constellation Resources Ltd. has announced a non-renounceable pro-rata entitlement issue, offering eligible shareholders the opportunity to acquire one new fully paid ordinary share for every four existing shares at a price of $0.15 per share, aiming to raise approximately $2.36 million. The impact of this offer on the company’s control will depend on shareholder participation, with potential dilution for those not fully subscribing, while ensuring no single participant exceeds a 19.9% voting power.
More about Constellation Resources Ltd.
Constellation Resources Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is known for its involvement in the exploration of nickel, copper, and gold deposits, primarily targeting the Australian market.
YTD Price Performance: -15.00%
Average Trading Volume: 25,879
Technical Sentiment Signal: Buy
Current Market Cap: A$10.72M
For a thorough assessment of CR1 stock, go to TipRanks’ Stock Analysis page.