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Constellation Resources Ltd. ( (AU:CR1) ) just unveiled an update.
Constellation Resources Ltd. has announced a revised non-renounceable entitlement offer to raise approximately $2.52 million. This new offer allows eligible shareholders to purchase one new share for every three shares held at a price of $0.12 per share. The proceeds from this offer will be used to advance exploration projects in Western Australia and support general corporate activities. The move reflects the company’s commitment to strengthening its financial position and expanding its exploration efforts.
More about Constellation Resources Ltd.
Constellation Resources Ltd. operates in the mining industry, focusing on exploration activities primarily in Western Australia. The company is involved in the development of mineral resources and aims to enhance its market presence through strategic business development initiatives.
Average Trading Volume: 60,763
Technical Sentiment Signal: Sell
Current Market Cap: A$11.82M
Learn more about CR1 stock on TipRanks’ Stock Analysis page.