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Hyterra Ltd (ASX:HYT)

ALERT: Price-sensitive ASX Announcement for HYT
Current share price for HYT : $0.007 -0.012 (-63.16%)+
Announcement
Release
29 Jun 2026 9:23AM
Price at Release
$0.019
Full Release
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Summary
HyTerra Ltd has announced a Shortfall Offer Update, reporting commitments of approximately $1.95 million, with the offer open until 13 August 2026. The initial placement will issue about 139 million shares at $0.014 each. Following a trading halt to facilitate initial allocations, trading has resumed. The funds are earmarked for working capital and strategic plan advancement, including preparatory activities for drilling and growth initiatives. The company anticipates starting production flow testing in mid-July 2026. GBA Capital Pty Ltd is appointed as Lead Manager.
Key Points
  • HyTerra Ltd has received commitments totaling approximately $1.95 million under the Shortfall Offer.
  • The Shortfall Offer remains open until 13 August 2026, allowing the company to accept additional applications.
  • Approximately 139 million new fully paid ordinary shares will be issued at $0.014 per share.
  • A trading halt was requested to facilitate initial allocations under the Shortfall Offer, which has now been lifted.
  • GBA Capital Pty Ltd has been appointed as Lead Manager to the Shortfall Offer.
  • Funds raised will be used for working capital, preparatory activities for drilling, growth initiatives, and corporate expenses.
  • Production flow testing is set to start in the week commencing 13 July 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.