The latest announcement is out from Shree Minerals Limited ( (AU:CTN) ).
Catalina Resources Limited is conducting a pro rata non-renounceable rights issue, offering one new share for every two existing shares held by eligible shareholders, at an issue price of $0.003 per new share. The offer aims to raise approximately $2,274,392 before costs, with additional free shares available under certain conditions. This initiative is a strategic move to bolster the company’s financial position, though the new shares are considered speculative, indicating potential risks for investors.
More about Shree Minerals Limited
Current Market Cap: A$5.27M
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