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Peel Mining Invites Retail Investors into $2.5M Share Purchase Plan at 11% Discount

8:34am on Thursday 9th of October, 2025 AEDT Mining
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Peel Mining Invites Retail Investors into $2.5M Share Purchase Plan at 11% Discount

8:34am on Thursday 9th of October, 2025 AEDT
Key Points
  • Share Purchase Plan offers shares at $0.085, an 11.17% discount to recent VWAP
  • Plan targets raising up to $2.5 million, following a $16.25 million institutional placement
  • Eligible Australian and New Zealand shareholders can invest up to $30,000 without brokerage
  • Funds earmarked for exploration, Cobar Asset review, business development, loan repayment, and working capital
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