L1 Gold Fund Limited (ASX:LGF)

L1 Gold Fund Limited announced the completion of its non-underwritten pro-rata non-renounceable retail entitlement offer, which raised approximately A$78.5 million at an offer price of A$2.25 per new share, with 34,901,798 new fully paid ordinary shares to be issued, allotted on 16 September 2026 and expected to begin normal ASX trading on 17 September 2026. This followed earlier completion of the institutional placement, institutional entitlement offer and first shortfall offer, which together raised about A$254.9 million through 113.3 million new shares. The retail shortfall offer remains open for up to three months from the retail offer close, although the company may close it earlier. L1 Group Limited had previously not taken up its approximately A$42.0 million institutional entitlement to allow allocation to new shareholders in the first shortfall offer, and has now subscribed for A$42.0 million in the second shortfall offer through Platinum Asset Pty Ltd at the same offer price. In total, across the placement, institutional entitlement offer, first shortfall offer, retail entitlement offer and L1G’s second shortfall allocation, the company will issue 166,838,745 new shares and raise approximately A$375.4 million, with proceeds to be invested in line with L1 Capital’s current investment strategy for the company.