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Javelin Minerals Limited (ASX:JAV)

ALERT: Price-sensitive ASX Announcement for JAV
Current share price for JAV : $0.088 0.015 (20.55%)+
Announcement
Release
11 Jun 2026 9:38AM
Price at Release
$0.073
Full Release
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Summary
Javelin Minerals Limited announced a $1.5 million strategic share placement to mining executive David Geraghty, with shares issued at a premium to the last closing price. The placement, which will be completed in two tranches, will result in Geraghty acquiring a 6.1% stake in the company. The funds raised are intended for exploration activities at Javelin's Eureka, Coogee, and Yilgarn Gold Projects, as well as for general working capital. The placement highlights Geraghty's extensive experience in developing and operating resource projects in Western Australia.
Key Points
  • Javelin Minerals Limited secured a $1.5m Strategic Share Placement.
  • 18,750,000 ordinary shares will be issued at 8.0 cents per share.
  • Issue price represents a 9.5% premium to last closing price.
  • Placement will occur in two tranches.
  • Tranche 1 involves 15,000,000 shares raising $1,200,000.
  • Tranche 2 involves 3,750,000 shares raising $300,000.
  • David Geraghty will hold a 6.1% stake in Javelin post-placement.
  • Funds will support exploration at Eureka, Coogee, and Yilgarn Gold Projects.
  • David Geraghty is a mining executive with extensive experience.
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.