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Hawsons Iron Ltd (ASX:HIO)

ALERT: Price-sensitive ASX Announcement for HIO
Current share price for HIO : $0.011 -0.002 (-12.50%)+
Announcement
Release
6 Aug 2026 8:47AM
Price at Release
$0.012
Full Release
download
Summary
Hawsons Iron Limited has announced a Share Purchase Plan (SPP) offering existing shareholders in Australia and New Zealand the opportunity to purchase up to A$30,000 worth of new shares at a discounted price of A$0.011 per share, a 15.7% discount to the recent five-day VWAP. The plan, which is non-renounceable and not available to US investors, aims to raise approximately $1.5 million and includes an offer of one free attaching option per share, exercisable at A$0.015 and expiring on 31 December 2027. Participation is voluntary, and the company reserves the right to amend or withdraw the offer, with the closing date set for 19 August 2026.
Key Points
  • Hawsons Iron Limited offers a Share Purchase Plan (SPP) to existing shareholders.
  • The SPP allows shareholders to purchase up to A$30,000 worth of shares at A$0.011 per share.
  • The SPP shares are offered at a 15.7% discount to the VWAP of shares traded over the last five days prior to the announcement.
  • Participation in the SPP is optional and non-renounceable, meaning rights cannot be transferred.
  • Eligible shareholders include those in Australia and New Zealand, but not in the United States.
  • Hawsons aims to raise approximately $1.5 million through the SPP.
  • Eligible shareholders also receive one free attaching unlisted option for each share purchased, exercisable at A$0.015 and expiring on 31 December 2027.
  • The SPP is not underwritten and can be altered, withdrawn, or terminated at Hawsons' discretion.
  • Applications for the SPP can be scaled-back if the offer is oversubscribed.
  • The SPP Offer closes on 19 August 2026, with allotment expected by 25 August 2026.
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.