Forrestania Resources Sets Share Purchase Plan Price at $0.175 with New Options Offer
Forrestania Resources has updated the opening date of its Share Purchase Plan to 9 December 2025, aligning it with key corporate events and offering shareholders a chance to buy shares at $0.175 each alongside new option incentives.
- Share Purchase Plan opening date moved to 9 December 2025
- Eligible shareholders can purchase up to $30,000 in shares at $0.175 each
- New options exercisable at $0.24 offered, subject to shareholder approval
- SPP closing date set for 12 January 2026 with results announced on 19 January
- Plan aligns with shareholder meeting and tranche 2 placement closure
Updated Timetable for Capital Raising
Forrestania Resources Limited (ASX, FRS) has announced a revision to the timetable of its Share Purchase Plan (SPP), moving the opening date to 9 December 2025. This adjustment is designed to better coordinate with the company’s upcoming shareholder meeting and the closing of the second tranche of its recent placement, originally announced on 18 November 2025.
Opportunity for Shareholders
The SPP offers eligible shareholders the chance to purchase up to $30,000 worth of shares at the placement price of $0.175 per share. Notably, this purchase can be made without incurring brokerage or transaction fees, making it an attractive option for shareholders looking to increase their stake in Forrestania. The offer is irrespective of the size of their current holdings, broadening participation.
Incentives with New Options
In addition to the shares, participants in the SPP will be entitled to an offer of new options exercisable at $0.24 each, valid for three years from the date of issue. These options are offered on the basis of one option for every 1.1 shares subscribed under the plan. However, this Option Offer remains conditional on shareholder approval and will be formalised through a prospectus expected to be lodged in early January 2026.
Next Steps and Market Implications
The company plans to dispatch the SPP offer booklet to eligible shareholders on 9 December 2025, coinciding with the opening of the plan. The closing date is set for 12 January 2026, with results to be announced on 19 January. This capital raising initiative is a critical step for Forrestania as it seeks to strengthen its balance sheet and support ongoing exploration and development activities.
By aligning the SPP with the shareholder meeting and placement tranche closure, Forrestania aims to streamline its funding process and maximise shareholder engagement. Investors will be watching closely to see the level of uptake and the eventual impact on the company’s capital structure.
Bottom Line?
Forrestania’s revised Share Purchase Plan timetable sets the stage for a pivotal capital raise, with shareholder approval and subscription uptake now in focus.
Questions in the middle?
- Will shareholder approval for the new options be secured at the upcoming meeting?
- How much capital will the Share Purchase Plan ultimately raise, and what will be the impact on share dilution?
- What are the company’s plans for deploying the funds raised through this capital raising?
