InvestSMART

Lykos Metals Limited (ASX:LYK)

ALERT: Price-sensitive ASX Announcement for LYK
Current share price for LYK : $0.033 0.022 (200%)+
Announcement
Release
27 Mar 2025 9:30AM
Price at Release
$0.011
Full Release
download
Summary
Lykos Metals Limited has confirmed a placement to raise A$399,811 through the issuance of 44,423,480 ordinary shares, which will be used for the exploration and development of its existing projects, as well as evaluating new opportunities. The placement is expected to reduce shareholder dilution and includes free attaching options for investors. The company is also optimistic about a favorable outcome regarding its Sockovac Project application with the Ministry of Energy and Mining.
Key Points
  • Lykos Metals confirmed a placement to raise A$399,811.
  • Funds will be used for exploration and development of existing projects.
  • Placement supported by new and existing sophisticated investors.
  • The issue price represents an 18.2% discount to the last close.
  • Placement includes free attaching options for investors.
  • The company aims to minimize dilution to existing shareholders.
  • Lykos is optimistic about the Sockovac Project application outcome.
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.