Constellation Resources Launches Entitlement Offer to Raise $2.52 Million

An announcement from Constellation Resources Ltd. ( (AU:CR1) ) is now available.

Constellation Resources Limited has announced the dispatch of documents for its one-for-three non-renounceable pro-rata entitlement offer to eligible shareholders. The offer, which opens on 30 May 2025 and closes on 16 June 2025, allows eligible shareholders to purchase new shares at $0.12 each, aiming to raise approximately $2.52 million. This initiative is part of the company’s strategy to strengthen its financial position and support ongoing operations, although it excludes shareholders outside of the specified regions due to regulatory constraints.

More about Constellation Resources Ltd.

Constellation Resources Limited is a company involved in the resources industry, focusing on the exploration and development of mineral resources. The company operates primarily in Australia, New Zealand, Germany, and the United Kingdom, targeting the acquisition and development of mineral deposits.

Average Trading Volume: 66,038

Technical Sentiment Signal: Sell

Current Market Cap: A$10.72M

For a thorough assessment of CR1 stock, go to TipRanks’ Stock Analysis page.