Celsius Resources to issue additional options for tranche 2 placement

Celsius Resources Limited (CLA) will issue additional options to Tranche 2 placement participants on a 1-for-2 basis, pending shareholder approval. This move, advised by their Placement adviser, aims to bolster investor confidence amidst current market volatility and geopolitical concerns. The additional options will mirror the terms of previously approved free-attaching options. Shareholders approved the issue of the Tranche 2 Placement securities at the general meeting held on 28 April 2025. The Placement options are exercisable at AUD 0.01 each and expiring 3 years from issue date. Directors and Silvercorp Metals, Inc. will also receive additional options. The Tranche 2 placement securities are expected to be issued around 16 May 2025.