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Jameson Resources Limited (ASX:JAL)

ALERT: Price-sensitive ASX Announcement for JAL
Current share price for JAL : $0.040 -0.004 (-9.09%)+
Release
9 Sep 2026 8:58AM
Price at Release
$0.044
Full Release
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Summary
Jameson Resources Limited (ASX:JAL) announced that the retail component of its accelerated non-renounceable entitlement offer opened on 9 September 2026 and that offer documents were dispatched the same day to eligible and ineligible retail shareholders. The offer allows eligible retail shareholders to subscribe for 1 new fully paid ordinary share for every 5.5 existing shares held at 7.00pm AEST on 4 September 2026 at A$0.035 per new share, with the retail offer expected to raise up to approximately A$1 million as part of a broader capital raising that includes an institutional entitlement offer and placement. Eligible retail shareholders in Australia and New Zealand, and a director resident in Canada, may also apply for additional shares under a Top-Up Facility if they take up their full entitlement, subject to availability and scale-back discretion. The retail offer booklet states that the broader raising is intended primarily to fund final environmental assessment work for the Crown Mountain Coal Project, engagement with Indigenous Nations including partnership arrangements, steelmaker offtake and funding discussions, Crown Mountain Resources administration, project management, working capital and offer costs. The documents also outline that the offer is non-renounceable, not underwritten, and may dilute shareholders who do not participate; the company also corrected an earlier announcement by clarifying that 1 unlisted Alignment Option will be issued for every 5 new shares issued under the entire entitlement offer and subsequent placement, excluding specified investors, with exercise price of A$0.053 and a 3-year term.
Key Points
  • Retail Entitlement Offer opened on 9 September 2026 and retail offer documents were dispatched that day.
  • Eligible retail shareholders can subscribe for 1 new share for every 5.5 existing shares at A$0.035 per share.
  • The retail component is expected to raise up to approximately A$1 million as part of a larger capital raising.
  • Record date for participation was 7.00pm AEST on 4 September 2026.
  • Eligible shareholders are generally those with registered addresses in Australia or New Zealand, plus a director resident in Canada, subject to other eligibility conditions.
  • The offer is non-renounceable, so entitlements cannot be traded or transferred.
  • Shareholders who take up their full entitlement may apply for additional shares under the Top-Up Facility.
  • Retail offer closing date is 18 September 2026 at 5.00pm AEST.
  • Results of the retail offer are scheduled to be announced on 23 September 2026.
  • New shares under the retail offer are scheduled for issue on 25 September 2026 and normal trading is expected to start on 28 September 2026.
  • Proceeds are intended mainly for the Crown Mountain Coal Project environmental assessment, Indigenous Nation engagement, offtake and funding discussions, administration, project costs, working capital and offer costs.
  • The company stated the retail offer is not underwritten.
  • The announcement included a correction that Alignment Options apply to shares issued under both the institutional and retail entitlement offers and the placement, excluding specified investors.
  • Ineligible retail shareholders were notified that they cannot participate and will receive no value for their lapsed entitlements.
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.