Inactive Instrument

Copper

Commodity

Celsius Resources raises GBP1 million for project work

April 12, 2024 at 01:38 pm EDT

Celsius Resources Ltd - resource development company with projects in Africa and the Philippines - Raises around GBP1 million from placing of 162.3 million new shares at a price of 0.6 pence each. The placing price represents a 17% discount to the stock's Thursday closing price of 0.73p. Celsius says the proceeds will go toward early development works at the company's MCB project, permitting costs at the Sagay copper-gold project, exploration expenditure at the Botilao copper-gold-prospect, as well as for working capital purposes.

Current stock price: closed up 6.2% at 0.77 pence per share in London on Friday

12-month change: down 3.8%

By Hugh Cameron, Alliance News reporter and Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES AFRICA TITANS 50 INDEX	455.1 PTS	+0.11%	+1.73%	-
S&P AFRICA 40 INDEX	155.1 PTS	+0.21%	+2.55%	-
CELSIUS RESOURCES LIMITED	0.011 AUD	+10.00%	+10.00%	15.77M

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