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Andean Silver Limited (ASX:ASL)

ALERT: Price-sensitive ASX Announcement for ASL
Current share price for ASL : $1.890 -0.2 (-9.57%)+
Announcement
Release
8 Dec 2025 9:46AM
Price at Release
$2.090
Full Release
download
Summary
Andean Silver Limited announced a successful capital raise of A$30 million through a Placement and an additional A$3 million via a Share Purchase Plan (SPP). The Placement was conducted at A$1.85 per share, a discount to the last trading price, and was fully subscribed by institutional and sophisticated investors. Proceeds will support the acceleration of drilling activities, project studies, and potential land acquisitions at the Cerro Bayo Silver-Gold Project in Chile. The SPP offers existing shareholders the opportunity to buy shares at the Placement price, allowing them to increase their holdings without additional transaction costs. The company's infrastructure positions it well to quickly restart operations and deliver growth in the silver market.
Key Points
  • Successful A$30 million Placement and A$3 million SPP.
  • Placement priced at A$1.85 per share, representing a discount to last trading prices.
  • Proceeds to fund drilling, project studies, and land acquisitions at the Cerro Bayo project.
  • SPP allows shareholders to purchase up to A$30,000 worth of shares at Placement price.
  • Andean Silver targets growth in its Cerro Bayo Silver-Gold Project in Chile.
  • Significant existing infrastructure to support a fast, capital-light restart.
  • The SPP is non-underwritten and open to eligible Australian and New Zealand residents.
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.