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Nimy Resources Limited (ASX:NIM)

ALERT: Price-sensitive ASX Announcement for NIM
Current share price for NIM : $0.047 -0.025 (-34.72%)+
Announcement
Release
25 Sep 2025 9:02AM
Price at Release
$0.072
Full Release
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Summary
Nimy Resources Limited has initiated a Share Purchase Plan allowing eligible shareholders to acquire shares at a discounted rate of $0.06 each, with a maximum subscription limit of $30,000. This non-renounceable offer, opening on 25 September 2025 and closing on 17 October 2025, aims to fund the establishment of a maiden Gallium resource and other endeavors. The plan excludes US residents and is positioned as a speculative investment due to potential price volatility.
Key Points
  • Nimy Resources Limited announced a Share Purchase Plan (SPP) for eligible shareholders.
  • Eligible shareholders can purchase up to $30,000 worth of shares at $0.06 per share.
  • The SPP offers a 15.28% discount to the 5-day volume weighted average price before the Record Date.
  • The offer opens on 25 September 2025 and closes on 17 October 2025.
  • The funds raised will primarily be used for establishing a maiden Gallium JORC 2012 Compliant resource, advancing progress at specific discoveries, and for general working capital.
  • Participation in the offer is optional and is not underwritten.
  • The offer is non-renounceable and cannot be transferred.
  • The company's shares are speculative investments with fluctuating market prices.
  • The offer is available to shareholders with registered addresses in Australia or New Zealand and not available to those in the United States.
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.