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29Metals Limited (ASX:29M)
ALERT: Price-sensitive ASX Announcement for 29M
Current share price for 29M : $0.230 -0.175 (-43.21%)+
Announcement
Release
17 Feb 2026 8:27AM
Price at Release
$0.405
Full Release
Summary
29Metals Limited has announced the successful completion of its Retail Entitlement Offer, raising approximately $31 million. This forms part of a fully underwritten 1 for 3.66 accelerated non-renounceable entitlement offer, which also included an institutional component that raised around $119 million. The Retail Entitlement Offer closed with a 71% take-up, with the remaining shares acquired by underwriters. The new shares are set to be allotted on February 18, 2026, and trading is expected to commence on February 19, 2026.
Key Points
- Completion of Retail Entitlement Offer.
- Raised approximately $31 million.
- 71% take-up of new shares.
- Settlement scheduled for February 17, 2026.
- Allotment of new shares on February 18, 2026.
- Trading to commence on February 19, 2026.
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.
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