Corella Resources Ltd ( (AU:CR9) ) has issued an update.
Corella Resources Ltd has announced a target market determination for its new options offering, which includes a pro-rata non-renounceable entitlement issue and a lead manager options offer. The company aims to raise up to $935,487 through the entitlement issue, providing one free attaching option for every new share subscribed. The options, which are not listed on the ASX, are exercisable at $0.002 each with a three-year expiry. This initiative is targeted at investors with a short to medium-term outlook, seeking to increase their shareholding and exposure to potential future gains, although it is considered a highly speculative investment.
More about Corella Resources Ltd
Corella Resources Ltd is a small to mid-cap exploration company listed on the Australian Securities Exchange (ASX), focusing on providing investment opportunities through equities.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$935.5K
For detailed information about CR9 stock, go to TipRanks’ Stock Analysis page.