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Why Is Classic Minerals Issuing a $10 Share Offer Amid Major Legal Battles?
3:51pm on Friday 6th of June, 2025 AEST
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Why Is Classic Minerals Issuing a $10 Share Offer Amid Major Legal Battles?
3:51pm on Friday 6th of June, 2025 AEST
Key Points
Placement of 1.25 billion shares to settle $1 million in trade debts
Nominal public offer of 10,000 shares at $0.001 each to remove trading restrictions
Company faces material uncertainty over going concern with net loss of $13.35 million in FY2024
Ongoing litigation concerning Forrestania Gold Project tenements
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Classic Minerals (ASX:CLZ)
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