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Infini Resources Limited (ASX:I88)

ALERT: Price-sensitive ASX Announcement for I88
Current share price for I88 : $0.110 -0.45 (-80.36%)+
Announcement
Release
23 Oct 2025 9:20AM
Price at Release
$0.560
Full Release
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Summary
Infini Resources Limited has announced the successful raising of approximately A$11 million through an upsized Flow-Through Share Placement at a 34% premium. The funds will be used to advance exploration activities at their uranium projects in Portland Creek, Reynolds Lake, and Reitenbach Lake. This initiative is facilitated by Peartree Securities Inc. and Bell Potter, targeting sophisticated and professional investors. The raised capital will support expanded drilling programs to explore high-priority targets and potential inaugural drilling. This strategic financial move aligns with the company's mission to enhance shareholder value through exploration and development of energy metal assets.
Key Points
  • Flow-Through Share offer priced at a premium to last closing and VWAPs.
  • Funds target exploration at Portland Creek, Reynolds Lake, and Reitenbach Lake.
  • Placement facilitated by Peartree Securities Inc. and Bell Potter.
  • Tax benefits available only to initial Canadian investors.
  • A prospectus under section 713 of Corporations Act issued for placement.
  • Strong demand led to additional share issuance to sophisticated investors.
  • Infini focuses on uranium and lithium exploration in Canada and Australia.
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.