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Western Yilgarn NL (ASX:WYX)

ALERT: Price-sensitive ASX Announcement for WYX
Current share price for WYX : $0.025 -0.005 (-16.67%)+
Announcement
Release
15 Jul 2026 8:20AM
Price at Release
$0.030
Full Release
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Summary
Western Yilgarn NL is conducting a Share Purchase Plan (SPP) to raise up to $500,000 by offering new Shares at $0.03 each to Eligible Shareholders, who can also receive one free attaching New Option for every two Shares bought. These options are exercisable at $0.10 and expire in May 2028. The purpose of the SPP is to fund exploration, cover offer expenses, and support working capital. The offer is non-renounceable and does not require shareholder approval. Only shareholders registered as of the Record Date with an address in Australia or New Zealand are eligible, with the offer closing on August 10, 2026. Any shortfall in the subscription may be managed at the Board's discretion.
Key Points
  • Western Yilgarn NL is offering new Shares to Eligible Shareholders under a Share Purchase Plan (SPP) at $0.03 per Share to raise $500,000.
  • Eligible Shareholders will receive one free attaching option (New Option) for every two Shares purchased.
  • The New Options are exercisable at $0.10 and expire on May 7, 2028.
  • The purpose of the offer is to raise funds for exploration, expenses, and working capital.
  • The offer is non-renounceable and not subject to shareholder approval.
  • Only shareholders with an Australian or New Zealand address as of the Record Date are eligible.
  • The SPP Offer is scheduled to close on August 10, 2026.
  • If the offer is not fully subscribed, the Board may place the shortfall at its discretion.
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.