Closure of Rights Issue

Classic Minerals Limited (ASX:CLZ) has successfully closed the Rights Issue, raising $135,735.39 out of the maximum expected amount of $2,000,000.00. The Company will proceed to issue the shares and options subscribed for by the applicants and intends to place the shortfall within the next 3 months. This announcement has been authorised by the Board.

Executive Commentary

The Company is pleased to announce the successful closure of the Rights Issue. We are grateful for the support received from our investors. The raised funds will be instrumental in advancing our corporate strategy and achieving our objectives. We remain committed to delivering value to our shareholders and look forward to the next phase of our growth.

Summary of Rights Issue Closure

Classic Minerals Limited (ASX:CLZ) has closed the Rights Issue, raising $135,735.39. The Company will proceed with issuing the subscribed shares and options and aims to place the shortfall within the next 3 months. Looking ahead, Classic Minerals remains focused on its corporate strategy and is dedicated to maximizing value for its stakeholders.