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Cannindah Resources Raises $4.5M to Unlock New Copper-Gold Potential at Mt Cannindah
10:01pm on Friday 29th of August, 2025 AEST
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Mining
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Cannindah Resources Raises $4.5M to Unlock New Copper-Gold Potential at Mt Cannindah
10:01pm on Friday 29th of August, 2025 AEST
Key Points
Fully underwritten $4.5 million entitlement offer at $0.015 per share
Major shareholder Aquis commits $1.55 million, directors sub-underwrite $475,000
Funds allocated to resource expansion drilling and exploration of two Tier-1 porphyry targets
Offer includes free attaching options exercisable at $0.04 within three years
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Cannindah Resources (ASX:CAE)
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