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Podium Minerals Limited (ASX:POD)

ALERT: Price-sensitive ASX Announcement for POD
Current share price for POD : $0.031 -0.009 (-22.50%)+
Announcement
Release
13 Aug 2026 9:24AM
Price at Release
$0.040
Full Release
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Summary
Podium Minerals Limited has launched a $4 million underwritten share purchase plan (SPP) to offer new shares at a price of $0.034, which is a 17.8% discount to the average market price. The SPP is underwritten by Leeuwin Wealth Pty Ltd, with a sub-underwriting by Neal Froneman, subject to shareholder approval. The funds raised will be directed towards metallurgical testing, site works, project advancement, and corporate expenses. Eligible shareholders in Australia and New Zealand can participate without incurring brokerage or transaction costs, with the option to apply for shares worth up to $30,000. The company may accept oversubscriptions, and the timetable includes a closing date on August 28, 2026, with shares issued by September 4, 2026.
Key Points
  • Podium Minerals Limited announces a $4 million underwritten share purchase plan (SPP).
  • The SPP is underwritten by Leeuwin Wealth Pty Ltd with Non-Executive Chairman Neal Froneman sub-underwriting $200,000.
  • The issue price for new shares is set at $0.034, offering a 17.8% discount on the market price.
  • Funds will primarily support metallurgical testing, site works, project advancement, and corporate costs.
  • Eligible shareholders in Australia and New Zealand can apply for up to $30,000 in new shares without brokerage costs.
  • The offer may accept oversubscriptions beyond $4 million under certain conditions.
  • Key dates include the opening on August 14, 2026, closing on August 28, 2026, and new shares issued by September 4, 2026.
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.