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L1 Gold Fund Limited (ASX:LGF)

ALERT: Price-sensitive ASX Announcement for LGF
Current share price for LGF : $2.180 -0.23 (-9.54%)+
Announcement
Release
24 Aug 2026 9:20AM
Price at Release
$2.410
Full Release
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Summary
L1 Gold Fund Limited has announced a non-underwritten institutional placement and an accelerated non-renounceable entitlement offer, along with a shortfall offer, to raise capital. The placement aims to raise approximately $160 million at an offer price of A$2.25 per new share. The proceeds from the offer will be invested in accordance with the investment strategy of L1 Capital Pty Ltd, focusing on gold and precious metals due to favorable market conditions. The entitlement offer consists of both institutional and retail components, with eligible shareholders in Australia and New Zealand invited to participate. The offer is managed by several appointed joint lead managers, and the investment manager will bear all costs associated with capital raising. The offer is not for distribution in the United States, and details are available in an investor presentation lodged with ASX.
Key Points
  • L1 Gold Fund Limited announces institutional placement and entitlement offer.
  • Aims to raise approximately $160 million at A$2.25 per share.
  • Proceeds to be invested according to L1 Capital's strategy focused on gold.
  • Offer includes institutional and retail components.
  • Managed by appointed joint lead managers, costs borne by investment manager.
  • Offer is non-renounceable and not for US distribution.
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.