Proposed issue of securities - CRR
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Proposed issue of securities - CRR
Critical Resources Limited has announced a new proposal for the issue of securities. The total number of securities to be issued includes 63,875,000 CRRAC Options expiring on 23-Apr-2028 at $0.008 each and 185,500,000 fully paid CRR Ordinary shares. The proposed issue date is 11/2/2026.
Shareholder approval is required for the issuance of 25,000,000 New Shares and 6,250,000 New Options at the upcoming general meeting. The offer price is set at AUD 0.01000 per security, with a total of 175,000,000 fully paid ordinary shares to be issued.
The funds raised from this issuance will support exploration activities, working capital, battery patent evaluation, and potential mineral projects. The lead manager for this transaction is 62 Capital, receiving a fee of 6% of the gross amount raised and 17,500,000 new options. Further details are available in the ASX announcement dated 29 January 2026.
Investors are welcome to inquire further about this announcement and its implications for the company's growth and development.
AI-Generated Summary: This content may contain inaccuracies. Neither the Company nor InvestorHub assumes responsibility for its accuracy. Please refer to the full announcement before making any investment decision.
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