Celsius Resources (ASX:CLA) has entered binding financing agreements with Hong Kong-based investor Patras Capital to place 120 million shares to raise AU$1.5 million and an up to AU$10 million committed equity facility, according to a Monday filing to the Australian bourse.
The financing will give the copper-gold explorer funding to advance its project portfolio, including the Sagay and Botilao projects in the Philippines, the filing stated.
Company shares fell 8% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.