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EV Resources Limited (ASX:EVR)

ALERT: Price-sensitive ASX Announcement for EVR
Current share price for EVR : $0.005 0 (0%)+
Announcement
Release
24 Jul 2026 9:47AM
Price at Release
$0.005
Full Release
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Summary
EV Resources Limited (ASX:EVR) has announced an update on its rights issue, which involves a non-renounceable offer of one new share for every ten shares held, priced at $0.005 per share. The rights issue is aimed at raising approximately $1.52 million, with the first $1 million underwritten by Indian Ocean Securities Pty Ltd. Sub-underwriting arrangements have been made with Mr. Luke Martino, a director of the company, and Mr. Adrian Paul, a substantial shareholder and former director, each committing to $500,000. The sub-underwriters will receive a 5% fee, while the underwriter's fee remains at 6% of the underwritten amount. EV Resources is focused on advancing its antimony processing campaign in Mexico, utilizing its Tecomatlán Processing Plant and the Los Lirios Antimony Project. The company aims to solidify its position in the critical minerals supply chain while ensuring that neither sub-underwriter exceeds a 20% voting power in the company.
Key Points
  • EV Resources Limited is undertaking a rights issue to raise $1.52 million.
  • The rights issue offers one new share for every ten shares at $0.005 per share.
  • Indian Ocean Securities Pty Ltd is underwriting the first $1 million.
  • Sub-underwriting agreements are with Mr. Luke Martino and Mr. Adrian Paul.
  • Each sub-underwriter is committed to $500,000 with a 5% fee.
  • The company's antimony processing strategy is focused on Mexico.
  • EV Resources aims to support Western critical minerals supply chains.
  • The underwriter's fee is 6% of the underwritten amount.
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.