InvestSMART

Piche Resources Limited (ASX:PR2)

ALERT: Price-sensitive ASX Announcement for PR2
Current share price for PR2 : $0.068 0.043 (172%)+
Announcement
Release
30 Jul 2026 8:18AM
Price at Release
$0.025
Full Release
download
Summary
Piche Resources Limited has secured an underwriting agreement to raise approximately $2.53 million through a pro rata non-renounceable offer, involving the issuance of new ordinary shares and attaching options. The agreement includes a priority sub-underwriting component managed by Leeuwin Wealth Pty Ltd and Cumulus Wealth Pty Ltd, with participation from Gerard O’Donovan. The underwriting ensures full subscription of the offer, pending shareholder approval for associated options. The detailed terms are outlined in the company's prospectus, available by early August 2026.
Key Points
  • Piche Resources Limited has entered into an underwriting agreement with Leeuwin Wealth Pty Ltd and Cumulus Wealth Pty Ltd.
  • The agreement is to fully underwrite a pro rata non-renounceable offer to raise approximately $2.53 million.
  • The offer includes issuing 140,678,568 new fully paid ordinary shares and 46,892,856 free attaching options.
  • The attaching options have an exercise price of $0.027 each and expire three years from the issue date.
  • A priority sub-underwriting agreement is in place with Cumulus Wealth Pty Ltd, the Lead Manager.
  • Gerard O’Donovan, a proposed non-executive director, has committed to sub-underwrite up to $200,000.
  • Issuance of sub-underwriting options is subject to shareholder approval.
  • Further details, including fees and termination events, are specified in the company's prospectus.
  • The prospectus will be available to shareholders by 7 August 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.