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Summit Minerals’ $1.08M Entitlement Offer Sees 37% Uptake, Big Shortfall Looms

8:38am on Wednesday 5th of November, 2025 AEDT Mining
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Summit Minerals’ $1.08M Entitlement Offer Sees 37% Uptake, Big Shortfall Looms

8:38am on Wednesday 5th of November, 2025 AEDT
Key Points
  • Entitlement offer priced at $0.03 per share
  • 37.41% of total entitlements subscribed
  • Shortfall of 22.5 million shares to be allocated by underwriter
  • Funds earmarked for Brazilian exploration and corporate working capital
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