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An update from Celsius Resources Ltd. ( (AU:CLA) ) is now available.
Celsius Resources Limited has announced that its significant shareholder, Silvercorp Metals Inc., has exercised its participation rights in the company’s recent AIM Placement by subscribing to a new share and warrant offering. This strategic move, resulting in the execution of a binding subscription agreement to raise an additional £42,855, is aimed at supporting Celsius Resources’ corporate and operational plans. The funding will be directed towards furthering the company’s strategic initiatives and maintaining general working capital, potentially enhancing its market position and operational capabilities.
More about Celsius Resources Ltd.
Celsius Resources Limited is a company involved in the resource industry, focusing on mining and exploration activities. The company operates under the ticker symbol CLA on both the Australian Securities Exchange (ASX) and the Alternative Investment Market (AIM). Its primary activities include the development and exploration of mining projects, with a particular interest in advancing corporate and operational strategies.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €15.95M
For an in-depth examination of CLA stock, go to TipRanks’ Stock Analysis page.
