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Corella Resources Ltd ( (AU:CR9) ) just unveiled an announcement.
Corella Resources Ltd announced a $1,000,000 share placement to sophisticated investors, divided into two tranches, to fund exploration activities at Bonnie Rock and Earoo, and to assess the commercial viability of the Tampu project. This strategic move, managed by CPS Capital Group Pty Ltd, aims to bolster Corella’s exploration capabilities and pursue new opportunities, potentially impacting its market position and shareholder value.
More about Corella Resources Ltd
Corella Resources Ltd operates in the resources sector, focusing on exploration and assessment of mineral tenements. The company is involved in projects such as Bonnie Rock, Earoo, and Tampu, aiming to enhance shareholder value through exploration and potential asset acquisition.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.13M
Learn more about CR9 stock on TipRanks’ Stock Analysis page.