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Piche Resources Limited (ASX:PR2)

ALERT: Price-sensitive ASX Announcement for PR2
Current share price for PR2 : $0.068 0.043 (172%)+
Announcement
Release
24 Jul 2026 9:39AM
Price at Release
$0.025
Full Release
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Summary
Piche Resources Limited has announced a 1 for 1 non-renounceable pro-rata entitlement offer to raise approximately $2.5 million to fund exploration in Argentina, project acquisitions, and general working capital. The offer is priced at A$0.018 per share, and includes one free attaching option for every three shares subscribed, with the option exercisable at A$0.027. The offer is non-renounceable, meaning rights are not transferable and will not be traded on ASX. Cumulus Wealth Pty Ltd has been appointed as lead manager, and Leeuwin Wealth Pty Ltd may underwrite the offer, with Gerard O'Donovan set to join the board as a Non-Executive Director upon successful completion. Additionally, a top-up placement to raise up to $1,000,000 may be initiated, pending shareholder approval.
Key Points
  • Non-renounceable 1 for 1 entitlement offer to raise $2.5 million.
  • Entitlement offer price set at A$0.018 per share.
  • Includes free attaching options with exercise price of A$0.027.
  • Funds to be used for exploration, acquisitions, and working capital.
  • Cumulus Wealth appointed as lead manager.
  • Potential underwriting by Leeuwin Wealth.
  • Gerard O'Donovan to join as Non-Executive Director.
  • Possible additional $1,000,000 top-up placement.
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.