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Silver Mines Limited (ASX:SVL)

ALERT: Price-sensitive ASX Announcement for SVL
Current share price for SVL : $0.150 0.01 (7.14%)+
Announcement
Release
5 Jun 2026 8:47AM
Price at Release
$0.140
Full Release
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Summary
Silver Mines Limited has entered into an underwriting agreement with Petra Capital Pty Ltd to secure the exercise of its unlisted options, set to expire on 17 June 2026. This agreement ensures the underwriting of up to 63,183,794 options, equaling an underwriting amount of approximately $7,556,782. Petra Capital, a third-party not related to Silver Mines, will underwrite the options at a price of $0.1196 per share, with the expectation of issuing Shortfall Shares compliant with ASX Listing Rule 7.2 by 25 June 2026. The agreement includes standard commercial terms such as fees and termination events.
Key Points
  • Silver Mines Limited has executed an option underwriting agreement with Petra Capital Pty Ltd.
  • The agreement is to fully underwrite the exercise of unlisted options, exercisable at $0.1196 each.
  • The expiration date for these options is set at 17 June 2026.
  • Petra Capital is not a related party to Silver Mines Limited.
  • The underwriting amount is approximately $7,556,782.
  • Shortfall Shares will be issued without requiring shareholder approval under ASX Listing Rule 7.2 (Exception 10).
  • The issuance of Shortfall Shares is expected by 25 June 2026.
  • The agreement includes market-standard underwriting fees and termination events.
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.