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Marmota Limited (ASX:MEU)

ALERT: Price-sensitive ASX Announcement for MEU
Current share price for MEU : $0.105 -0.05 (-32.26%)+
Announcement
Release
12 Feb 2026 8:51AM
Price at Release
$0.155
Full Release
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Summary
Marmota Limited has successfully raised $15 million through a placement to institutional and sophisticated investors. The placement, which was led by Petra Capital, involved the issuance of approximately 111 million new shares at $0.135 each, representing a 12% discount to the 10-day VWAP. The majority (over 80%) of the funds came from institutional investors, indicating strong demand and interest. The funds will primarily be used to advance Marmota's Gawler gold project and may also support their titanium and uranium projects. This capital raise is considered transformational for the company, enabling them to execute their Gawler Gold strategy effectively.
Key Points
  • Marmota raised $15 million through a placement.
  • Over 80% of funds came from institutional investors.
  • Placement price was $0.135 per share, a 12% discount to the 10-day VWAP.
  • Funds to be used for Gawler gold project and other projects.
  • Petra Capital acted as Lead Manager.
  • The placement is considered transformational for the company.
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.