ActivEX Issues 50 Million Shares at 1.6 Cents in $800K Placement

ActivEX Completes Capital Raise

ActivEX Limited has successfully completed a share placement raising $800,000 by issuing 50 million fully paid ordinary shares at $0.016 apiece. The placement was made exclusively to True Creation Limited, a strategic investor, marking a key step in bolstering the company’s financial position.

Purpose of Funds

The capital injection is earmarked for multiple critical uses, repayment of existing loans, further development of ActivEX’s ongoing exploration projects, and general working capital to support day-to-day operations. This balanced allocation suggests a dual focus on strengthening the balance sheet while maintaining momentum in exploration activities.

Regulatory Compliance and Placement Details

The placement was conducted without public disclosure under Part 6D.2 of the Corporations Act 2001, a common approach for placements to sophisticated investors. ActivEX has confirmed full compliance with the relevant provisions of the Act, including sections related to continuous disclosure and excluded information, ensuring transparency and regulatory adherence.

Strategic Implications

This capital raise reflects ActivEX’s ongoing efforts to secure funding in a challenging market environment for junior explorers. By partnering with True Creation Limited, the company not only gains financial resources but potentially a committed shareholder aligned with its growth ambitions. However, the sizeable share issuance will dilute existing shareholders, a factor investors will weigh alongside the anticipated benefits.

Looking Ahead

With funds now secured, attention will turn to how effectively ActivEX deploys this capital to reduce debt and advance its exploration projects. Market watchers will be keen to see updates on project milestones and any impact on the company’s share price as these developments unfold.