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Resources & Energy Group Limited (ASX:REZ)

ALERT: Price-sensitive ASX Announcement for REZ
Current share price for REZ : $0.010 -0.006 (-37.50%)+
Announcement
Release
16 Dec 2025 11:06AM
Price at Release
$0.016
Full Release
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Summary
Resources & Energy Group Limited (ASX: REZ) announced it has successfully raised $2 million through a placement of 142,857,140 shares at $0.014 per share, along with options set to expire in June 2027. The capital will be used to support drilling, resource expansion, and production growth at the East Menzies Gold Project. Following significant achievements in 2025, including gold pours and resource approvals, this funding aims to advance the company's exploration and production capabilities. Whairo Capital Pty Ltd acted as the sole lead manager for the placement.
Key Points
  • Raised $2 million through placement at $0.014 per share
  • Funds to support East Menzies Gold Project developments
  • 142,857,140 shares issued with options expiring June 2027
  • Whairo Capital Pty Ltd acted as sole lead manager
  • Funds to aid in drilling and resource expansion
  • Emphasis on advancing gold production efforts
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.