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Corella Resources Ltd Announces $935,000 Rights Issue

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Corella Resources Ltd ( (AU:CR9) ) has issued an announcement.

Corella Resources Ltd has announced a fully underwritten non-renounceable rights issue to raise approximately $935,000. The capital raised will be used to maintain the company’s tenements and provide working capital. CPS Capital Group Pty Ltd will act as the lead manager and underwriter for the rights issue, with a portion sub-underwritten by a company director. The rights issue offers eligible shareholders one new share for every share held, along with an attaching option. The company is also considering a further placement of shares to enhance its working capital.

More about Corella Resources Ltd

Corella Resources Ltd is a company listed on the Australian Securities Exchange (ASX) under the ticker CR9. The company is involved in the resources sector, focusing on maintaining its commitments on tenements it holds and providing working capital for its operations.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$935.5K

For detailed information about CR9 stock, go to TipRanks’ Stock Analysis page.

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