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G11 Resources Limited (ASX:G11)

ALERT: Price-sensitive ASX Announcement for G11
Current share price for G11 : $0.225 0.198 (733.33%)+
Announcement
Release
24 Nov 2025 9:28AM
Price at Release
$0.027
Full Release
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Summary
G11 Resources Limited announced that it successfully raised A$7.5 million through a Two-Tranche Placement, issuing 300 million new shares at A$0.025 each. This capital raise was aimed at funding the Sedgewick Bluff Copper Project in Tasmania and other projects in New South Wales, as well as for general working capital. The placement was carried out at a discount to recent market prices and includes a share consolidation of 1 for 10, already approved by shareholders. The first tranche of the placement raised A$4.3 million and was completed unconditionally using available placement capacity, while the second tranche, expected to raise A$3.2 million, is conditional upon shareholder approval at an upcoming meeting. Canaccord Genuity acted as the Lead Manager for this fundraising effort.
Key Points
  • G11 Resources Limited raised A$7.5 million through a Two-Tranche Placement.
  • 300 million new shares were issued at A$0.025 per share.
  • The placement supports the Sedgewick Bluff Copper Project in Tasmania and NSW Copper/Gold projects.
  • The placement was undertaken at a discount to market prices.
  • A share consolidation of 1 for 10 was completed.
  • The first tranche raised A$4.3 million unconditionally.
  • The second tranche, conditional on shareholder approval, aimed to raise A$3.2 million.
  • Canaccord Genuity acted as the Lead Manager for the placement.
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.