InvestSMART

Patriot Resources Limited (ASX:PAT)

ALERT: Price-sensitive ASX Announcement for PAT
Current share price for PAT : $0.061 -0.064 (-51.20%)+
Announcement
Release
8 May 2026 9:51AM
Price at Release
$0.125
Full Release
download
Summary
Patriot Resources Limited has completed a strategic placement, raising $500,000 by issuing 10,000,000 fully paid ordinary shares at $0.05 per share, a 28% premium to the company's previous bid price. This placement aligns with the company's capital markets strategy and involves a 24-month investor relations and marketing agreement with Next Investors, who will enhance investor engagement. Additionally, 8,680,000 shares were issued at $0.0475 per share under this agreement. The strategic placement coincides with Patriot's significant announcements regarding its Tassa Silver Project in Peru, which now boasts a Maiden Inferred Mineral Resource and an upgraded Exploration Target.
Key Points
  • Completion of strategic placement raising $500,000
  • Issuance of 10,000,000 shares at $0.05 each
  • 28% premium on previous bid price
  • 24-month agreement with Next Investors
  • 8,680,000 shares issued for marketing services
  • Alignment with capital markets strategy
  • Significant updates on Tassa Silver Project
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.