InvestSMART

Patriot Resources Limited (ASX:PAT)

ALERT: Price-sensitive ASX Announcement for PAT
Current share price for PAT : $0.050 -0.011 (-18.03%)+
Announcement
Release
19 Aug 2026 9:44AM
Price at Release
$0.061
Full Release
download
Summary
Patriot Resources Limited announced a capital raising of $3 million via a placement of new fully paid ordinary shares at a 10% discount to the last trade price. The placement will occur in two tranches, with over $2.8 million raised in the first tranche and an additional $140,800 from shares issued to the Executive Chairman, subject to shareholder approval. The funds are earmarked for drilling programs in Peru and Zambia as well as general working capital. CPS Capital Group is acting as the lead broker for the issue.
Key Points
  • Patriot Resources Limited secured $3 million in capital raising.
  • The placement involves new ordinary shares at $0.055 per share.
  • Placement split into two tranches, one is contingent on shareholder approval.
  • Funds to support drilling in Peru and Zambia.
  • CPS Capital Group is the lead broker, earning a fee and options.
  • The placement shares are offered at a 10% discount to the last trade price.
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.