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Lithium Plus Minerals Ltd (ASX:LPM)

ALERT: Price-sensitive ASX Announcement for LPM
Current share price for LPM : $0.130 0.015 (13.04%)+
Announcement
Release
29 Oct 2025 9:57AM
Price at Release
$0.115
Full Release
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Summary
Diatreme Resources Ltd has announced a Priority Offer in the Moonlight Resources IPO Prospectus, fully underwritten at $3.0 million for DRX shareholders, priced at $0.20 per ordinary Moonlight share. Participating shareholders receive a free attaching option for every two shares acquired. Diatreme entered a Share Sale Agreement with Moonlight to sell shares in subsidiaries Chalcophile and PGE Minerals, receiving 16.25 million ordinary Moonlight shares valued at $3.25 million and $250,000 in cash. Diatreme shareholders as of 28 October 2025 can access a priority offer. Moonlight's IPO Prospectus is lodged with ASIC. The Clermont asset sale allows Diatreme to focus on its core silica assets.
Key Points
  • DRX Shareholders Priority Offer in Moonlight Resources IPO Prospectus.
  • Fully underwritten Priority Offer of $3.0m to DRX shareholders at an issue price of $0.20 per fully paid ordinary Moonlight share.
  • Shareholders that participate in Moonlight’s offer will receive one free attaching option for every two new Moonlight shares acquired under the IPO.
  • Diatreme Resources Ltd entered into a Share Sale Agreement with Moonlight Resources Limited to sell shares in Chalcophile Resources Pty Ltd and PGE Minerals Pty Limited.
  • Moonlight will issue 16,250,000 ordinary shares to Diatreme, corresponding to a total value of $3,250,000, and pay A$250,000 in cash.
  • Diatreme Shareholders as at 28 October 2025 will receive a priority offer from Moonlight of up to $3.0m shares at an issue price of $0.20.
  • Moonlight has lodged its IPO Prospectus with ASIC, available on their website.
  • The Clermont asset is non-core to Diatreme, focusing on silica assets.
  • Key commercial terms include no performance rights for Diatreme, and additional warranties related to Chalcophile and PGE Minerals.
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.