InvestSMART

The article you are trying to access does not exist, however, here are some articles you may be interested in.

DevEx Resources Limited (ASX:DEV)

ALERT: Price-sensitive ASX Announcement for DEV
Current share price for DEV : $0.255 0.075 (41.67%)+
Announcement
Release
23 Dec 2025 12:58PM
Price at Release
$0.180
Full Release
download
Summary
DevEx Resources Limited successfully raised approximately $6.9 million through a highly subscribed Share Purchase Plan (SPP), surpassing its initial target of $3 million due to strong shareholder interest. The plan allowed eligible shareholders to acquire new shares at $0.145 each, the same price as a recent placement. The raised funds will be used to enhance exploration efforts in the Alligator Rivers Uranium Province and support future growth activities. This strategic move is aimed at strengthening DevEx's position following significant land consolidation efforts in the Northern Territory of Australia.
Key Points
  • DevEx Resources Limited raised approximately $6.9 million through an oversubscribed Share Purchase Plan (SPP).
  • The SPP was initially targeted to raise $3 million but exceeded expectations with strong shareholder interest.
  • The plan was open to 3,971 eligible shareholders, with valid applications from 419 holders resulting in an 11% participation rate.
  • A total of 47,700,000 new fully paid ordinary shares were issued at $0.145 per share, matching the price of a recent Placement.
  • The funds will support an expanded exploration program in the Alligator Rivers Uranium Province, Northern Territory, Australia.
  • The announcement was authorized for release by the Board of DevEx Resources Limited.
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.