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Hawsons Iron Ltd (ASX:HIO)

ALERT: Price-sensitive ASX Announcement for HIO
Current share price for HIO : $0.009 -0.002 (-18.18%)+
Announcement
Release
25 Aug 2026 8:37AM
Price at Release
$0.011
Full Release
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Summary
Hawsons Iron Limited successfully concluded its Share Purchase Plan (SPP), raising $1.23 million through issuing 111.82 million shares at $0.011 per share. Each share came with a free attaching option, exercisable at $0.015 and expiring on 31 December 2027. The company's directors participated by contributing $90,000 to the plan. The raised funds are allocated for finalization of test work on potential hematite by-products, investigation of downstream pelletisation options, feasibility study site surveys, and covering associated corporate costs.
Key Points
  • Hawsons Iron Limited completed a Share Purchase Plan (SPP) raising $1.23 million.
  • A total of 111.82 million shares were issued at $0.011 each.
  • Participants received one free attaching option per share, exercisable at $0.015, expiring on 31 December 2027.
  • Hawsons Directors contributed $90,000 to the SPP.
  • Funds will be used for hematite by-products test work, downstream pelletisation options, feasibility study site surveys, and corporate costs.
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.