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Norwest Minerals Limited (ASX:NWM)

ALERT: Price-sensitive ASX Announcement for NWM
Current share price for NWM : $0.007 -0.001 (-12.50%)+
Announcement
Release
10 Jul 2026 9:04AM
Price at Release
$0.008
Full Release
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Summary
Norwest Minerals Limited is conducting a non-renounceable entitlement offer, allowing eligible shareholders to subscribe for one new share for every four shares held, priced at $0.007 per share. The offer aims to raise approximately $1.89 million to fund the Bulgera Gold Project and meet financial solvency requirements. It is partly underwritten to $1.259 million, with commitments from directors and major shareholders amounting to $643,342. The offer closes on July 30, 2026, and is not open to ineligible shareholders. The company has outlined potential risks associated with investing in the shares, emphasizing the speculative nature of mineral exploration and market factors.
Key Points
  • Non-renounceable entitlement offer of 1 new share for every 4 shares held
  • Issue price of $0.007 per share
  • Funds to support Bulgera Gold Project and financial solvency
  • Offer partly underwritten to $1.259 million
  • Commitments from directors and major shareholders total $643,342
  • Offer closes on July 30, 2026
  • Not open to ineligible shareholders
  • Speculative investment nature highlighted
  • Potential risks include market and exploration uncertainties
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.