Constellation Resources' successful capital raise

Constellation Resources Limited (ASX: $CR1) has announced the successful placement of 9,375,000 new ordinary shares at an issue price of $0.12 per share, raising gross proceeds of $1.125 million. In addition, Directors and Officers have subscribed for 2,233,334 new ordinary shares to raise a further $268,000, subject to shareholder approval. The proceeds will be utilized for the company's current exploration activities in Western Australia, business development opportunities, and general working capital.

Executive Commentary on Capital Raise

The successful placement and the planned participation of Directors and Officers demonstrate the confidence in our exploration activities and business development prospects. We are committed to utilizing the raised capital efficiently to drive our corporate strategy and create value for our shareholders.

Summary of Capital Raise and Incentive Options Issuance

Constellation Resources (ASX: $CR1) has successfully secured $1.4 million through a placement of new ordinary shares and subscriptions by Directors and Officers. The raised capital will be used to fund the company's exploration activities in Western Australia, pursue business development opportunities, and support general working capital needs. Additionally, the company has granted incentive options to key consultants, Directors, and Officers, subject to shareholder approval, to further align their interests with the company's long-term success. The company remains focused on its corporate strategy and is optimistic about the potential growth and value creation for its stakeholders.