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Hamelin Gold Limited (ASX:HMG)

ALERT: Price-sensitive ASX Announcement for HMG
Current share price for HMG : $0.220 0.035 (18.92%)+
Announcement
Release
17 Aug 2026 9:14AM
Price at Release
$0.185
Full Release
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Summary
Hamelin Gold Limited announced a placement to raise approximately $8 million through the issuance of new shares priced at $0.16 each, to support its gold exploration programs across West Australia. Major shareholders, Gold Fields Limited and Vault Minerals Limited, contributed significantly to the placement, enhancing their stakes in the company. The funds will be used to accelerate exploration at the Day Dawn, Venus, West Tanami, and Cue projects. The placement is part of the company's strategy to fuel growth and expand its gold exploration efforts.
Key Points
  • Firm commitments to raise ~$8 million via placement at $0.16 per share.
  • Strong support from major shareholders Gold Fields Limited and Vault Minerals Limited.
  • Funding to accelerate exploration at Day Dawn, Venus, West Tanami, and Cue projects.
  • Directors to subscribe for ~$321k subject to shareholder approval.
  • Placement priced with a discount to recent market trading prices.
  • Managed by Chieftain Corporate Pty Ltd and Argonaut Securities Pty Limited.
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.