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Somerset Minerals Limited (ASX:SMM)

ALERT: Price-sensitive ASX Announcement for SMM
Current share price for SMM : $0.013 0 (4%)+
Announcement
Release
15 Dec 2025 7:09PM
Price at Release
$0.013
Full Release
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Summary
Somerset Minerals Limited has issued a Prospectus for an offer of 137,249,986 shares at a price of C$0.0164 (A$0.0181) per share, aiming to raise up to C$2,250,900 (A$2,470,500). The Prospectus outlines that the offer is speculative and potential investors should consider the associated risks. The offer will increase the number of shares from 958,655,176 to 1,095,905,162. The funds raised will be used for various exploration activities and the company's cash reserves. The offer is not underwritten and is available in Australia and other eligible jurisdictions. Key risks include flow-through placement risk and general market risks. The Prospectus emphasizes the importance of consulting professional advisors before investing.
Key Points
  • Offer of 137,249,986 shares at C$0.0164 (A$0.0181) per share.
  • Aim to raise up to C$2,250,900 (A$2,470,500).
  • Speculative investment with associated risks.
  • Increase in shares from 958,655,176 to 1,095,905,162.
  • Funds to be used for exploration activities and cash reserves.
  • Offer not underwritten and available in Australia and eligible jurisdictions.
  • Includes flow-through placement risk and market risks.
  • Importance of consulting professional advisors.
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.