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Cannindah Resources Launches $4.55M Rights Issue to Accelerate Mt Cannindah Exploration

10:01pm on Friday 29th of August, 2025 AEST Mining
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Cannindah Resources Launches $4.55M Rights Issue to Accelerate Mt Cannindah Exploration

10:01pm on Friday 29th of August, 2025 AEST
Key Points
  • Fully underwritten rights issue to raise $4.55 million
  • Issue price set at 1.5 cents per new share, 21.1% discount to recent share price
  • Offer includes attaching options exercisable at 4 cents within 3 years
  • Funds targeted for exploration program and working capital
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