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Avenira Limited (ASX:AEV)

ALERT: Price-sensitive ASX Announcement for AEV
Current share price for AEV : $0.008 0 (0%)+
Announcement
Release
17 Aug 2026 9:18AM
Price at Release
$0.008
Full Release
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Summary
Avenira Limited announced a renounceable rights issue to raise up to $49 million, offering a three-for-two rights issue priced at 0.6 cents per share, which is a 25% discount to the last closing price. The funds will be used to develop the Wonarah Phosphate Project and for general working capital. The rights issue is open to shareholders in Australia, New Zealand, Hong Kong, China, and Singapore, with key dates including the rights trading from 19 August and closing on 10 September 2026. The company's major shareholder, Hebang, will participate to maintain its 60% interest. The project aims to transition Avenira from a developer to a producer, with plans for first shipments by 2027.
Key Points
  • Renounceable rights issue to raise $49 million.
  • Rights issue offers three-for-two at 0.6 cents per share.
  • 25% discount to last price, 23% to 10-day VWAP.
  • Funds for Wonarah Phosphate Project and working capital.
  • Eligible shareholders in Australia, New Zealand, Hong Kong, China, and Singapore.
  • Rights trading starts 19 August 2026.
  • Rights issue closes on 10 September 2026.
  • Major shareholder Hebang to maintain 60% interest.
  • Transition from developer to producer targeted.
  • First shipments planned for 2027.
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.