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Burley Minerals Ltd (ASX:BUR)

ALERT: Price-sensitive ASX Announcement for BUR
Current share price for BUR : $0.021 -0.001 (-4.55%)+
Announcement
Release
5 Jun 2026 5:15PM
Price at Release
$0.022
Full Release
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Summary
Burley Minerals Ltd announced the closing of their oversubscribed Share Purchase Plan (SPP) on June 5, 2026. The plan, which was announced on May 14, 2026, exceeded the targeted amount of $300,000 in applications. This SPP follows a successful placement on May 20, 2026, which raised $0.7 million before costs, at an issue price of $0.023 per share. The company will not accept any further applications after the closing date, and any application monies received after will be returned. In case of oversubscriptions, the directors have the discretion to accept or scale-back applications equitably. Burley intends to issue new shares from the SPP by June 12, 2026. Final results and an Appendix 2A related to the SPP will be released after reconciliation is complete.
Key Points
  • SPP exceeded the targeted $300,000.
  • Placement raised $0.7 million at $0.023 per share.
  • Applications after June 5, 2026, will not be accepted.
  • Directors can scale-back applications if oversubscribed.
  • New shares will be issued by June 12, 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.