Celsius Resources Limited (ASX:CLA) has announced the signing of binding financing agreements with Patras Capital Pte. Ltd, a Hong Kong based investment company. The agreements include a share placement agreement to raise A$1.5 million and a committed equity facility of up to A$10 million over the next 24 months. Mark van Kerkwijk, Executive Director of Celsius, highlighted that the funds raised will be strategically deployed to advance key milestones in CLA's Philippine assets/projects, enhancing operational capabilities and strengthening long-term sustainability.
As part of our ongoing commitment to delivering value for our shareholders, the funds raised will be strategically deployed to advance key milestones in CLA's Philippine assets/projects. This will enhance our operational capabilities and strengthen our long-term sustainability. We remain focused on generating strong returns, fostering innovation, and managing our resources responsibly to ensure continued success.
Celsius Resources Limited (ASX:CLA) has secured financing agreements with Patras Capital Pte. Ltd, providing access to immediate and medium-term funding for the company. The agreements include a share placement agreement to raise A$1.5 million and a committed equity facility of up to A$10 million over the next 24 months. These funds will be strategically deployed to advance key milestones in CLA's Philippine assets/projects, enhancing operational capabilities and strengthening long-term sustainability. The company's focus remains on generating strong returns, fostering innovation, and managing resources responsibly to ensure continued success. The financing proposal will equip Celsius with the funds needed to advance its project portfolio, including the Sagay and Botilao projects, and support corporate functions. Additionally, the company has the option to draw from the Committed Equity Facility if required, providing a funding envelope for the next two years to continue attracting high-quality equity partners to advance other highly prospective projects.