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Strategic Energy Resources Limited (ASX:SER)

ALERT: Price-sensitive ASX Announcement for SER
Current share price for SER : $0.200 0.065 (48.15%)+
Announcement
Release
28 Jul 2026 9:26AM
Price at Release
$0.135
Full Release
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Summary
Strategic Energy Resources Limited announced the successful completion of its Share Purchase Plan (SPP), which aimed to raise approximately A$250,000. The SPP was fully underwritten and closed on 21 July 2026. Due to strong shareholder support, the company received valid applications totaling around A$579,000. To accommodate the demand, the company accepted oversubscriptions but still had to conduct a pro-rata scale-back of applications. Consequently, applications amounting to A$465,000 were accepted, and A$114,000 were scaled back and will be refunded. Approximately 3.8 million new shares will be issued at A$0.12 each. As the offer was fully subscribed by shareholders, no securities were issued to the underwriter. The company's board expressed gratitude towards shareholders for their support.
Key Points
  • Share Purchase Plan aimed to raise A$250k.
  • Plan closed on 21 July 2026.
  • Received applications totalling A$579k.
  • Accepted oversubscriptions; conducted pro-rata scale-back.
  • A$465k in applications accepted, A$114k scaled back.
  • 3.8 million new shares issued at A$0.12 each.
  • No securities issued to underwriter.
  • Company thanks shareholders for support.
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.