Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue