Celsius Resources' strategic capital raising

Celsius Resources (ASX:CLA) has successfully completed a placement on the AIM market of the London Stock Exchange, raising approximately £350,000. This capital was secured through the issuance of 87,500,000 new Ordinary Shares and 43,750,000 new warrants. The funds will be used to advance the company's corporate strategies and support general working capital needs.

Celsius Resources' strategic outlook and future steps

Celsius Resources has strategically leveraged the AIM market to raise £350,000, which will bolster its corporate and operational strategies. The placement involved issuing 87,500,000 new Ordinary Shares at 0.4 pence each, alongside 43,750,000 new warrants. Zeus Capital Limited facilitated the placement as the broker and bookrunner, receiving a 5% fee plus a corporate finance fee. The admission to AIM is scheduled for around 16 December 2024, contingent on the Placing Agreement remaining unconditional. The company's share capital post-admission will total 2,658,524,501 Ordinary Shares. Celsius has informed Silvercorp, a strategic investor with participation rights, about the placement, indicating potential for further investment. With these funds, Celsius aims to enhance its operational capabilities and support its growth strategy, reinforcing its position in the market.

Executive insights on the placement

The successful completion of this placement on the AIM market demonstrates the confidence of our investors in Celsius Resources' strategy and future prospects.