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Venari Minerals NL (ASX:VMS)

ALERT: Price-sensitive ASX Announcement for VMS
Current share price for VMS : $0.140 0.06 (75%)+
Announcement
Release
31 Jul 2026 1:13PM
Price at Release
$0.080
Full Release
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Summary
Venari Minerals NL has completed Tranche 1 of its capital raising, issuing 22,095,000 shares at $0.08 each to raise $1.77 million. The funds from a $1,350,000 convertible note have been received, according to the company's announcement. The capital raising totals $6.1 million and includes a two-tranche share placement and convertible note. The second tranche aims to raise an additional $2.98 million following shareholder approval, expected at a General Meeting around 11 September 2026.
Key Points
  • Venari Minerals NL announced the completion of Tranche 1 Placement and receipt of Convertible Note funds.
  • The capital raising involves $6.1 million, consisting of a two-tranche share placement and a $1,350,000 convertible note.
  • Tranche 1 involved issuing 22,095,000 fully paid ordinary shares at $0.08 per share, raising $1.77 million before costs.
  • Funds from the $1,350,000 convertible note have been received.
  • Tranche 2 is expected to raise $2.98 million, pending shareholder approval.
  • A General Meeting for shareholder approval of Tranche 2 is planned around 11 September 2026.
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.