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Western Yilgarn NL (ASX:WYX)

ALERT: Price-sensitive ASX Announcement for WYX
Current share price for WYX : $0.027 -0.003 (-10%)+
Announcement
Release
15 Jul 2026 8:20AM
Price at Release
$0.030
Full Release
download
Summary
Western Yilgarn NL has launched a Share Purchase Plan (SPP) targeting $500,000 to offer eligible shareholders the chance to purchase new shares at $0.03 each, without a discount to the current price. Participants are entitled to one free WYXOA option for every two shares purchased, exercisable at $0.10, expiring on 7 May 2028. The offer is not underwritten, and individual applications are capped at $30,000. The funds will support exploration, expenses related to the offering, and general working capital. The SPP is detailed in a prospectus lodged with ASIC and ASX, with key dates ranging from the Record Date on 14 July 2026 to closure on 10 August 2026.
Key Points
  • Western Yilgarn NL announced a Share Purchase Plan (SPP) to raise up to $500,000.
  • The SPP allows eligible shareholders in Australia and New Zealand to purchase new shares at $0.03 each.
  • Participants will receive one free WYXOA option for every two shares, exercisable at $0.10, expiring on 7 May 2028.
  • The SPP is not underwritten, and the board may adjust the total amount raised.
  • Funds raised will be used for exploration, offer expenses, and working capital.
  • Individual applications capped at $30,000, with increments of $500 allowed.
  • The SPP is offered under a prospectus lodged with ASIC and ASX.
  • Key dates include the Record Date on 14 July 2026 and closing on 10 August 2026.
  • The shares issued will not affect the company’s placement capacity under ASX Listing Rules.
  • Proceeds will be used for exploration expenditure, offer expenses, and working capital.
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.