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Lotus Resources Limited (ASX:LOT)

ALERT: Price-sensitive ASX Announcement for LOT
Current share price for LOT : $0.230 -0.43 (-65.15%)+
Announcement
Release
27 Jul 2026 9:52AM
Price at Release
$0.660
Full Release
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Summary
Lotus Resources Limited has successfully completed the institutional component of its fully underwritten 1-for-1 pro rata accelerated non-renounceable entitlement offer, raising approximately A$34.2 million. The offer received strong support from existing and new institutional investors. The proceeds, along with other financial arrangements, will support the ramp-up of the Kayelekera project. Trading on the ASX is expected to resume on an ex-entitlement basis. The retail entitlement offer is anticipated to raise an additional A$26 million and will open on 30 July 2026.
Key Points
  • Lotus Resources Limited completes institutional entitlement offer.
  • Approximately A$34.2 million raised from institutional investors.
  • Strong support from existing and new investors.
  • Funds will aid Kayelekera project ramp-up.
  • Trading to resume on ASX on ex-entitlement basis.
  • Retail entitlement offer to raise A$26 million, opening on 30 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.