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Vertex Minerals Limited (ASX:VTX)

ALERT: Price-sensitive ASX Announcement for VTX
Current share price for VTX : $0.140 0.02 (16.67%)+
Announcement
Release
1 Jul 2026 9:49AM
Price at Release
$0.120
Full Release
download
Summary
Vertex Minerals Limited announced a Share Purchase Plan (SPP) to raise A$2.5 million, offering shares at $0.10, which is 86.7% of the 5-day VWAP. Eligible shareholders can purchase up to $30,000 worth of shares without transaction costs. The SPP, not underwritten, is optional for shareholders as of 30 June 2026. Funds will support working capital and debt repayment. Vertex's Reward Gold Mine boasts a high recovery rate of 95%.
Key Points
  • Vertex Minerals Limited announced a Share Purchase Plan (SPP) aimed at raising A$2.5 million.
  • The issue price for shares under the SPP is set at $0.10, which is 86.7% of the 5-day Volume Weighted Average Price (VWAP).
  • Eligible shareholders can purchase up to $30,000 worth of shares without incurring any brokerage or transaction costs.
  • The SPP is not underwritten and participation is optional for shareholders registered as of 30 June 2026.
  • Funds raised will be used for ongoing working capital and debt repayment.
  • Vertex's flagship project is the Reward Gold Mine with a high gold recovery rate of 95%.
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.