Entitlement Offer
| Stock | Constellation Resources Ltd (CR1.ASX) |
|---|---|
| Release Time | 24 Jun 2026, 8:42 a.m. |
| Price Sensitive | Yes |
Constellation Resources Announces Entitlement Offer
- Constellation Resources plans a non-renounceable entitlement offer to raise $3.22 million
- Eligible shareholders can purchase one new share for every three existing shares at $0.12 each
- Directors and officers plan to subscribe for additional shares
- Funds will be used for exploration, business development, and working capital
- Offer opens on July 2, 2026, and closes on July 23, 2026
Constellation Resources Limited announced a non-renounceable entitlement offer to raise approximately $3.22 million before costs. Eligible shareholders will be offered the opportunity to purchase one new share for every three existing shares at an issue price of $0.12 each. The offer is open to shareholders as of June 29, 2026. Directors and officers plan to subscribe for additional shares, and directors Ian Middlemas and Mark Pearce intend to apply for up to 1,000,000 shortfall shares each, subject to shareholder approval. The funds will be used for exploration activities, business development, and general working capital.
Constellation Resources plans to raise approximately $3.22 million through the entitlement offer.
The company expects the funds raised to advance exploration activities and support business development and working capital needs.