Catalina Resources (ASX: CTN) Secures AUD 2.27M to Advance Exploration Strategy

May 07, 2025 12:50 PM AEST | By Aditi Sarkar

Catalina Resources (ASX: CTN) Secures AUD 2.27M to Advance Exploration Strategy — Image source: Company Update

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Highlights

Catalina Resources has raised ~AUD 2.27 million through its entitlement and shortfall offers.

A total of 758 million new shares and 152 million free attaching shares were issued under the capital raising.

Funds will support Catalina’s exploration strategy and advance its project portfolio.

Australian diversified mineral exploration and mine development company Catalina Resources Ltd (ASX:CTN) has successfully completed a capital raising of approximately AUD 2.27 million.

The company finalised the placement of 635,216,238 New Shares and 127,043,247 Free Attaching Shares under the shortfall facility of its non-renounceable pro-rata entitlement offer, which closed on 8 April 2025.

In total, the shortfall placement and the entitlement offer raised approximately AUD 2,274,393 (before costs) through the issue of a total of 758,130,946 New Shares and 151,626,189 Free Attaching Shares. Details of the results are as follows:

The funds raised provides Catalina with sufficient cash reserves to pursue its exploration strategy and progress its project portfolio.

Shares of CTN last traded at AUD 0.002 on 05 May 2025.

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