Corella Resources Ltd ( (AU:CR9) ) has provided an announcement.
Corella Resources Ltd has successfully completed a fully underwritten non-renounceable rights issue, raising $334,328 through the issuance of 167,163,883 new shares and an equal number of new options. The underwriter, CPS Capital Group Pty Ltd, will address the shortfall, resulting in an additional issuance of 300,579,550 new shares and options, raising a further $601,159. This capital raising effort is set to enhance Corella’s financial position and support its ongoing operations and strategic initiatives.
More about Corella Resources Ltd
Corella Resources Ltd is a company operating in the resources industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker CR9.
Technical Sentiment Signal: Buy
Current Market Cap: A$1.87M
Find detailed analytics on CR9 stock on TipRanks’ Stock Analysis page.