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Cavalier Resources Limited (ASX:CVR)

ALERT: Price-sensitive ASX Announcement for CVR
Current share price for CVR : $0.295 0.025 (9.26%)+
Announcement
Release
5 Sep 2025 9:09AM
Price at Release
$0.270
Full Release
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Summary
Cavalier Resources Limited announced a successful placement to raise approximately $2.14 million. The funds will primarily be used for resource development and drilling at the Crawford Gold Project, as well as for pre-mine development and general working capital. The placement involves the issuance of 9,296,555 new fully paid ordinary shares at a price of $0.23 each, representing a discount to recent trading prices. Sanlam Private Wealth Pty Ltd served as the lead manager for the placement, receiving a 6% fee and broker options. The company is also negotiating a US$11 million secured pre-payment with Raptor Capital International Limited. This financing aims to advance the Crawford project's resource development to optimise future mining operations.
Key Points
  • Placement to raise $2.14 million
  • Funds for Crawford Gold Project development
  • Issuance of 9,296,555 new shares at $0.23
  • Sanlam Private Wealth as lead manager
  • Broker option issuance subject to approval
  • Negotiation of US$11 million pre-payment with Raptor
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.