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Clara Resources Australia Limited (ASX:C7A)

ALERT: Price-sensitive ASX Announcement for C7A
Current share price for C7A : $0.003 -0.003 (-50%)+
Announcement
Release
21 Oct 2025 8:26AM
Price at Release
$0.006
Full Release
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Summary
Clara Resources Australia Limited announced a non-renounceable entitlement issue intending to raise up to $1.272 million by offering up to 424,147,527 new shares to eligible shareholders at $0.003 per share. The offer is made under section 708AA(2)(f) of the Corporations Act, modified by ASIC Instrument 2016/84. The participation level of shareholders will affect the control of the company, where full participation would maintain existing shareholder proportions, while non-participation could result in dilution. The details of the offer will be provided in an upcoming Offer Booklet.
Key Points
  • Clara Resources Australia Limited (ASX Code: C7A) announced a non-renounceable entitlement issue.
  • The entitlement issue involves up to 424,147,527 new fully paid ordinary shares.
  • Eligible shareholders can subscribe for one new share for every two shares held at a price of $0.003 each.
  • The issue aims to raise up to $1.272 million.
  • The notice complies with section 708AA(2)(f) of the Corporations Act, as modified by ASIC Instrument 2016/84.
  • The offer will be outlined further in an Offer Booklet to be lodged with ASX.
  • The entitlement issue will not disclose under Part 6D.2 of the Corporations Act.
  • The potential effects on control of the company depend on shareholder participation levels.
  • No significant change in control if all eligible shareholders participate.
  • Possibility of dilution for non-participating or ineligible shareholders.
  • The underwriter may take up the shortfall if shareholders do not fully participate.
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.