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Hot Chili Limited (ASX:HCH)

ALERT: Price-sensitive ASX Announcement for HCH
Current share price for HCH : $1.615 1.035 (178.45%)+
Announcement
Release
5 Aug 2025 8:28AM
Price at Release
$0.580
Full Release
download
Summary
Hot Chili Limited has announced a A$14 million renounceable entitlement offer to shareholders to support the ongoing development of its Costa Fuego copper-gold project in Chile. The offer allows eligible shareholders to purchase new shares at a set price, with the company aiming to use the raised funds primarily for drilling, feasibility studies, and permitting processes related to Costa Fuego. Directors and management have committed to participating in the offer, reflecting their ongoing confidence in the project. The announcement outlines the structure of the offer, key dates, participation instructions, and associated risks, ensuring that shareholders are informed about the opportunity and its implications.
Key Points
  • Hot Chili Limited has announced a renounceable entitlement offer to raise approximately A$14 million.
  • The offer is structured as a 1 for 17 pro-rata non-renounceable entitlement offer at an issue price of A$1.12 per share.
  • Proceeds from the equity raising will be used to advance the company’s Costa Fuego copper-gold project in Chile, including further drilling, feasibility studies, and permitting activities.
  • Shareholders eligible to participate in the offer are those recorded on the register as of the specified record date.
  • The entitlement offer includes a shortfall facility, allowing eligible shareholders to apply for additional shares beyond their entitlement.
  • Directors and management have indicated their intention to participate in the entitlement offer.
  • The company remains focused on progressing its flagship Costa Fuego copper-gold project towards a decision to mine.
  • Details of the offer timetable, use of funds, risks, and instructions for participation are provided in the official announcement.
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.