InvestSMART

Andean Silver Limited (ASX:ASL)

ALERT: Price-sensitive ASX Announcement for ASL
Current share price for ASL : $1.890 -0.59 (-23.79%)+
Announcement
Release
6 Jan 2026 9:40AM
Price at Release
$2.480
Full Release
download
Summary
Andean Silver Limited (ASX: ASL; OTCQX: ADSLF) announced the doubling of its Share Purchase Plan (SPP) to A$6 million due to strong shareholder demand. The SPP saw applications totaling approximately A$18 million, exceeding the original target of A$3 million. The increased funds, along with a previous placement, will aid in accelerating drilling programs at the Cerro Bayo Silver-Gold Project and support project studies and potential land acquisitions. The company issued 3,243,057 new shares under the SPP and utilized a scale back methodology to manage the high demand, ensuring equitable outcomes for shareholders.
Key Points
  • Andean Silver Limited doubles Share Purchase Plan to A$6 million.
  • Strong demand led to applications totaling A$18 million, surpassing the A$3 million target.
  • Funds to accelerate drilling at the Cerro Bayo Silver-Gold Project.
  • 3,243,057 new shares issued under the SPP.
  • Scale back methodology used to manage high demand and ensure equity.
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.