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Variscan Mines Limited (ASX:VAR)

ALERT: Price-sensitive ASX Announcement for VAR
Current share price for VAR : $0.005 -0.001 (-16.67%)+
Announcement
Release
19 May 2026 11:32AM
Price at Release
$0.006
Full Release
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Summary
Variscan Mines Limited announced the completion of the first tranche of a $5 million placement, raising approximately $0.69 million through the issue of 174,064,708 ordinary shares at $0.004 per share. These shares will rank equally with existing fully paid ordinary shares. The company also terminated its previously established Convertible Loan Facility. Further details are provided in an Appendix 2A and a cleansing statement accompanying the announcement.
Key Points
  • Completion of first tranche of $5 million placement
  • Tranche 1 raised approximately $0.69 million
  • Issuance of 174,064,708 ordinary shares at $0.004 per share
  • Shares rank equally with existing fully paid ordinary shares
  • Convertible Loan Facility terminated
  • Appendix 2A and cleansing statement provided
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.