Constellation Resources Limited has announced a revised entitlement offer designed to raise approximately $2.52 million before costs. The company has withdrawn its previous non-renounceable offer, which proposed one fully paid ordinary share for every four existing shares at $0.15 per share, and is now offering eligible shareholders one new fully paid ordinary share for every three shares held at a reduced price of $0.12 per share. The new offer plans to issue up to 21,013,075 shares, with the company’s directors and officers set to subscribe to about 2.7 million shares. The revised offer is open to shareholders residing in Australia, New Zealand, Germany, or the United Kingdom, based on a record date of 5:00pm AWST on Wednesday, 28 May 2025. The process is designed to be non-renounceable, meaning that the new shares will be allocated in proportion to existing holdings. A detailed timetable outlines critical dates, including the launch of the offer on Friday, 30 May 2025, the closing date on Monday, 16 June 2025, and anticipated key settlement dates stretching into late June. Proceeds from the issuance are earmarked to further the company’s exploration activities in Western Australia, support business development initiatives, and bolster general working capital and corporate expenses. The funds are expected to provide the necessary capital to advance operations, reflecting the company’s commitment to growth and long-term project development. Market sentiment based on the announcement is mixed. On the bullish side, the reduced price of $0.12 per share could attract participation from a broader base of investors, offering potential future upside if the exploration projects deliver positive results. Additionally, the clear earmarking of funds toward strategic growth initiatives may bolster investor confidence in the company’s long-term prospects. Conversely, on the bearish side, the need to raise capital through additional share issuance could lead to dilution for existing shareholders. Moreover, as the success of the exploration projects remains to be seen, some investors may view the move as a sign of short-term liquidity pressures rather than long-term strength. Overall, the announcement from Constellation Resources Limited signals a strategic shift to a more attractive entitlement offer framework, aiming to secure the necessary funding to propel its exploration and development projects forward while navigating potential challenges associated with share dilution and uncertain market conditions.