tiprankstipranks
Advertisement
Advertisement

Constellation Resources Announces Share Entitlement Offer

Story Highlights
Constellation Resources Announces Share Entitlement Offer

Elevate Your Investing Strategy:

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1