InvestSMART

Evolution Energy Minerals Limited (ASX:EV1)

ALERT: Price-sensitive ASX Announcement for EV1
Current share price for EV1 : $0.009 -0.009 (-50%)+
Announcement
Release
11 Feb 2026 8:23AM
Price at Release
$0.018
Full Release
download
Summary
Evolution Energy Minerals Limited is conducting a pro-rata renounceable entitlement offer aiming to raise approximately $4 million. The offer allows shareholders to subscribe for one new fully paid ordinary share at $0.015 each for every two shares held, along with one free attaching option for every two new shares. The rights are tradeable and the offer, managed by Mahe Capital Pty Ltd, is partly underwritten. Funds will support exploration, project development, and general working capital. Major shareholder Metals One Plc has committed to a significant investment.
Key Points
  • 1 for 2 renounceable rights issue to raise up to $4,032,830
  • Issue price set at $0.015 per share, a 25% discount to the 30-day VWAP
  • Shareholders receive one free New Option for every two New Shares acquired
  • New Options have an exercise price of $0.02 and expire on 17 September 2028
  • Rights are tradeable on the ASX and are transferable
  • Major shareholder Metals One Plc to invest up to $1 million
  • Entitlement Offer lead managed and partly underwritten by Mahe Capital Pty Ltd for $1,500,000
  • Eligible shareholders from Australia, New Zealand, Germany, Singapore, Guernsey, and the UK
  • Funds to be used for exploration, resource development, costs of the Offers, loan repayment, and working capital
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.