Celsius Resources Ltd. ( (AU:CLA) ) just unveiled an update.
Celsius Resources Ltd. has announced the execution of subscription agreements by its directors and a substantial shareholder, Silvercorp Metals Inc., to raise additional funds through a placement. The directors’ participation is contingent on shareholder approval, while Silvercorp’s involvement aligns with a prior agreement to partake in equity offers. The funds raised will support Celsius’s corporate and operational strategies, enhancing its market positioning and providing general working capital.
More about Celsius Resources Ltd.
Celsius Resources Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in the acquisition and development of mining projects, with a particular emphasis on gold and copper assets.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €12.49M
For a thorough assessment of CLA stock, go to TipRanks’ Stock Analysis page.