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ENRG Elements Ltd (ASX:EEL)

ALERT: Price-sensitive ASX Announcement for EEL
Current share price for EEL : $0.002 -0.001 (-25%)+
Announcement
Release
25 Sep 2025 8:24AM
Price at Release
$0.002
Full Release
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Summary
ENRG Elements Ltd (EEL) announced a renounceable entitlement offer to raise up to approximately $1.6 million. This offer is structured as a one-for-two rights issue priced at 0.1 cents per share, a 50% discount to the last ASX closing price. For every two new shares subscribed, shareholders will receive one free attaching option exercisable at 0.2 cents with a four-year term. The funds will be used to explore potential gold projects in Central Asia and to continue exploration on existing projects. The entitlement offer is partially underwritten by Mahe Capital Pty Ltd, and EEL Director Jiandong He has agreed to sub-underwrite part of the offer. The offer is targeted at shareholders with registered addresses in Australia, New Zealand, and China. The total share capital is expected to increase significantly upon completion of the offer.
Key Points
  • Renounceable entitlement offer up to $1.6 million.
  • Offer: 1 for 2 rights issue at 0.1 cents per share.
  • 50% discount to the last ASX closing price.
  • For every two new shares, one free option at 0.2 cents.
  • Funds for Central Asia gold exploration and existing projects.
  • Partially underwritten by Mahe Capital Pty Ltd.
  • Director Jiandong He sub-underwriting $240,000.
  • Eligibility for shareholders in Australia, New Zealand, and China.
  • Total share capital to increase significantly post-offer.
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.