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Hawsons Iron Ltd (ASX:HIO)

ALERT: Price-sensitive ASX Announcement for HIO
Current share price for HIO : $0.010 -0.002 (-16.67%)+
Announcement
Release
31 Jul 2026 9:13AM
Price at Release
$0.012
Full Release
download
Summary
Hawsons Iron Limited announced a non-underwritten Share Purchase Plan (SPP) to raise approximately $1.5 million before costs. The SPP is offered to eligible shareholders in Australia and New Zealand at a price of $0.011 per share, a 15.7% discount to the company's recent stock price. Participants in the SPP are entitled to one free attaching option per share, with an exercise price of $0.015 and an expiry date of 31 December 2027. The funds will be utilized to finalize studies on hematite by-products, explore pelletisation options, conduct heritage and ecological surveys, and cover related corporate expenses. The directors of Hawsons Iron have committed to participating in the SPP. The company aims to use these studies to add significant value prior to commencing the final Feasibility Study. Delays in testing processes necessitated this additional capital raise sooner than anticipated.
Key Points
  • Hawsons Iron Limited to raise $1.5 million through a Share Purchase Plan.
  • SPP price set at $0.011 per share, a 15.7% discount.
  • Participants receive one free attaching option per share, exercisable at $0.015.
  • Funds to finalize studies on hematite by-products and pelletisation.
  • Directors of Hawsons Iron intend to participate in the SPP.
  • Proceeds to also cover heritage and ecological surveys and corporate costs.
  • Additional capital raise due to delays in testing processes.
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.