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Pursuit Minerals Limited (ASX:PUR)

ALERT: Price-sensitive ASX Announcement for PUR
Current share price for PUR : $0.068 -0.042 (-38.18%)+
Announcement
Release
6 Feb 2026 9:26AM
Price at Release
$0.110
Full Release
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Summary
Pursuit Minerals Limited announced the completion of Tranche 1 of a placement involving the issuance of 46,947,370 fully paid ordinary shares at $0.095 each, raising $4,460,000 before costs. A Section 708A Cleansing Notice was issued, confirming compliance with the Corporations Act, allowing the shares to be sold without disclosure. The placement is managed by PAC Partners Securities Pty Ltd and further issuance is expected in a second tranche. The company has received notices for the exercise of certain unlisted options and plans to issue options to directors and officers subject to shareholder approval.
Key Points
  • Completion of Tranche 1 with 46,947,370 shares issued.
  • Raised $4,460,000 at $0.095 per share.
  • Section 708A Cleansing Notice issued.
  • Compliance with Corporations Act confirmed.
  • PAC Partners Securities Pty Ltd acted as Lead Manager.
  • Second tranche expected to raise $2,540,000.
  • Exercise of 141,465 unlisted options at $0.09.
  • Issuance of options to directors and officers planned.
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.