Australia's Constellation Resources slips on discounted $2.2 million entitlement offer
24/06/2026 04:51
BUZZ-Australia's Constellation Resources slips on discounted $2.2 million entitlement offer ** Shares of Australia's Constellation Resources CR1.AX fall 3.5% to A$0.140, their lowest since March 30
** Minerals explorer says it will undertake a non-renounceable entitlement offer to raise A$3.22 million ($2.22 million)
** Under offer, eligible shareholders will be issued 1 new share for every three shares held at an issue price of A$0.12 per share
** Offer price represents a 17.2% discount to the last closing price
** Co says proceeds are proposed to be used to advance exploration activities at projects in Western Australia, for business development activities and general working capital
** CR1 stock down 12.5% YTD
($1 = 1.4480 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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