Centaurus Metals Limited has updated the timetable for its $3 million Share Purchase Plan, offering eligible shareholders in Australia and New Zealand shares at $0.36 each with free-attaching options exercisable at $0.50.
- SPP opening delayed to 22 August 2025
- Offer price set at $0.36 per share
- Free-attaching options exercisable at $0.50 included
- SPP closes on 5 September 2025
- Options expire on 30 November 2027
Updated Timetable for Capital Raising
Centaurus Metals Limited (ASX – CTM) has announced an amended timetable for its ongoing Share Purchase Plan (SPP), designed to raise up to $3 million. The revised schedule pushes the opening of the SPP and the dispatch of the offer booklet to eligible shareholders to 22 August 2025, with the offer closing on 5 September 2025. This adjustment follows the company’s earlier announcement of a placement and SPP on 14 August 2025.
Attractive Terms for Shareholders
The SPP allows shareholders with registered addresses in Australia or New Zealand as of 13 August 2025 to purchase fully paid ordinary shares at $0.36 each. Notably, for every two shares subscribed under the SPP, shareholders will receive one free-attaching option. These options carry an exercise price of $0.50 and will expire on 30 November 2027, providing potential upside if the company’s share price appreciates over the coming years.
Strategic Capital Raising Amid Market Conditions
This capital raising initiative complements the institutional placement announced earlier, reflecting Centaurus Metals’ strategic approach to funding its operations and growth ambitions. The inclusion of options sweetens the offer, potentially incentivizing greater shareholder participation while managing dilution. The company has reserved the right to alter or cancel the SPP timetable, underscoring the fluid nature of capital markets and regulatory compliance.
Looking Ahead
Investors will be watching closely as the SPP progresses, particularly the uptake of shares and options, which will influence Centaurus Metals’ capital structure and financial flexibility. The results announcement scheduled for 12 September 2025 will provide clarity on shareholder engagement and the company’s funding position moving forward.
Bottom Line?
Centaurus Metals’ revised SPP timetable and option incentives set the stage for a pivotal capital raise that could shape its near-term growth trajectory.
Questions in the middle?
- How will shareholder uptake of the SPP and options impact dilution and share price?
- What are Centaurus Metals’ plans for deploying the raised capital?
- Could further timetable changes or cancellations affect investor confidence?