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Corella Resources Ltd ( (AU:CR9) ) just unveiled an update.
Corella Resources has completed the first tranche of its previously announced capital raising, issuing 142,857,142 placement shares at $0.0035 each to sophisticated investors under its existing ASX Listing Rule 7.1 capacity to raise $500,000 before costs. A second tranche for an additional 142,857,142 shares, along with free attaching options for both tranches exercisable at $0.004 and expiring three years from issue, remains subject to shareholder approval at a general meeting expected in February 2026, with the company confirming compliance with its continuous disclosure obligations under the Corporations Act and that no excluded information is withheld from the market.
More about Corella Resources Ltd
Corella Resources Ltd (ASX: CR9) is an Australian-listed resources company focused on mineral exploration and development, operating within the broader mining and resources sector and targeting investors through capital market placements to fund its activities.
Technical Sentiment Signal: Sell
Current Market Cap: A$7.23M
See more data about CR9 stock on TipRanks’ Stock Analysis page.