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EcoGraf Limited (ASX:EGR)

ALERT: Price-sensitive ASX Announcement for EGR
Current share price for EGR : $0.190 -0.1 (-34.48%)+
Announcement
Release
7 Oct 2026 9:11AM
Price at Release
$0.290
Full Release
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Summary
EcoGraf Limited (ASX: EGR) announced the successful completion of a $4.727 million capital raising, comprising a $1.175 million placement to institutional and sophisticated investors through the issue of 5,292,796 shares at $0.222 per share and a previously completed Share Purchase Plan that raised $3.552 million. The placement was priced at the same level as the SPP and represented a 20% discount to the five-day volume weighted average market price before the SPP issue date of 5 October 2026. EcoGraf said the placement broadened its investor base while the SPP prioritised existing shareholders. Together with existing cash and up to €2.0 million in European Investment Bank grant funding, the proceeds will be used to finalise debt financing for the Epanko Project, continue strategic project equity and offtake discussions to support Epanko, Midstream and Downstream developments, advance integrated development and expansion studies, continue gold exploration activities in Tanzania alongside the US$9.0 million Golden Eagle farm-in agreement with AngloGold Ashanti, and fund general corporate and working capital needs. The placement was completed under the company’s existing ASX Listing Rule 7.1 capacity without shareholder approval, with DvP settlement scheduled for 13 October 2026 and quotation of the new shares expected on 14 October 2026.
Key Points
  • EcoGraf completed a total capital raising of $4.727 million.
  • The capital raising comprised a $1.175 million placement and a $3.552 million Share Purchase Plan.
  • The placement involved 5,292,796 shares issued at $0.222 per share.
  • The placement price matched the SPP issue price.
  • The issue price represented a 20% discount to the five-day VWAP before 5 October 2026.
  • Funds will help finalise debt financing for the Epanko Project.
  • Funds will support strategic project equity and offtake processes for Epanko, Midstream and Downstream developments.
  • Funds will advance integrated development and expansion studies supported by grant funding.
  • Funds will also support Tanzanian gold exploration and general working capital.
  • EcoGraf also referenced up to €2.0 million in European Investment Bank grant funding.
  • The placement was conducted under ASX Listing Rule 7.1 without shareholder approval.
  • Canaccord Genuity (Australia) Limited acted as Lead Manager to the placement.
  • DvP settlement was scheduled for 13 October 2026.
  • Quotation of the placement shares was expected on 14 October 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.