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Sprintex Limited (ASX:SIX)

ALERT: Price-sensitive ASX Announcement for SIX
Current share price for SIX : $0.067 0.017 (34%)+
Announcement
Release
30 Sep 2025 9:07AM
Price at Release
$0.050
Full Release
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Summary
Sprintex Limited (ASX: SIX) announced a strategic placement of $1.5 million facilitated by the issuance of 30 million new shares at $0.05 per share, with options attached for every four shares. The placement was led by MWP Partners Limited alongside existing shareholders China Automotive Holdings and Euro Mark Limited. Funds will support working capital and collaboration with Mest Water on ammonia-reduction systems, potentially leading to significant contracts with Van Drie Group, a major veal producer in the Netherlands. This placement is seen as a strong endorsement of Sprintex's growth trajectory amidst increasing regulatory demands.
Key Points
  • Sprintex Limited secures $1.5 million through strategic placement.
  • Placement includes 30 million new shares at $0.05 per share.
  • MWP Partners Limited leads the investment alongside major shareholders.
  • Funds target working capital and projects with Mest Water.
  • Potential large-scale contracts with Van Drie Group in the Netherlands.
  • Sprintex's technology aligns with increasing regulatory demands.
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.