Successful capital raising of AU$1.2 million completed

Critical Resources Limited (ASX: CRR) has successfully secured AU$1.2 million in firm commitments through a capital raising initiative involving the issuance of 200 million ordinary shares at an offer price of AU$0.006 per share. Each share will come with a free attaching option, exercisable at AU$0.015 over three years. The funds raised will primarily support the company's Mavis Lake exploration programs, including an upcoming drilling program at its Northern Prospects. The share price reflects a 14.3% discount to the last traded price. Additionally, company directors will participate in the placement, requiring shareholder approval at a forthcoming general meeting. The company is also exploring various global opportunities in critical minerals to diversify its asset base. Drilling activities are expected to start soon, with Sixty-Two Capital acting as the Sole Lead Manager for the placement.

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