Response to ASX Price Query
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| Stock | Corazon Mining Ltd (CZN.ASX) |
|---|---|
| Release Time | 19 May 2026, 11:10 a.m. |
| Price Sensitive | Yes |
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Corazon Mining Ltd Responds to ASX Price Query
Key Points
- Corazon Mining Ltd was in confidential negotiations for the Chalice Gold Project acquisition
- Assay results from Two Pools were incomplete and not disclosed
- Company released announcements regarding acquisition and capital raising on 19 May 2026
Full Summary
Corazon Mining Ltd responded to ASX's price query regarding the significant increase in the price and volume of its securities. The company disclosed that it was in incomplete, confidential negotiations for the potential acquisition of the Chalice Gold Project and had received primary gold assay results from the Two Pools diamond drilling program. The terms of the acquisition were finalized on 18 May 2026, and the assay results were approved by the board on the same day. Announcements regarding the acquisition and a capital raising of approximately $16.5 million were released on 19 May 2026.
Guidance
Capital raising of approximately $16.5 million by way of a placement
Outlook
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