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Cannindah Resources Unveils $15M Placement and $2M Share Purchase Plan
10:02am on Friday 6th of February, 2026 AEDT
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Mining
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Cannindah Resources Unveils $15M Placement and $2M Share Purchase Plan
10:02am on Friday 6th of February, 2026 AEDT
Key Points
Two-tranche placement raising $15 million at $0.045 per share
First tranche of 246 million shares issued immediately, second tranche subject to shareholder approval
Share Purchase Plan offers up to $30,000 worth of shares at same discounted price
Funds targeted for drilling and exploration at Mt Cannindah Copper-Gold Project
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Cannindah Resources (ASX:CAE)
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