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Encounter Resources Raises $24.5M in Placement, Director’s Shares Await Approval
9:43am on Thursday 6th of November, 2025 AEDT
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Encounter Resources Raises $24.5M in Placement, Director’s Shares Await Approval
9:43am on Thursday 6th of November, 2025 AEDT
Key Points
Raised $24.5 million through first tranche of $25 million placement
Issued 54.4 million shares at $0.45 each to unrelated parties
Second tranche of 1.1 million shares to director pending shareholder vote
Placement shares issued under ASX Listing Rules 7.1 and 7.1A
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Encounter Resources (ASX:ENR)
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