Greenvale Raises Capital at $0.044 per Share with 1:2 Free Options

Share Purchase Plan Closes

Greenvale Energy Limited (ASX, GRV), an exploration company focused on sustainable, low-carbon projects, has officially closed its Share Purchase Plan (SPP) as of 5, 00pm Sydney time on Thursday, 27 November 2025. The SPP allowed eligible shareholders to purchase up to $30,000 worth of ordinary shares at a fixed price of $0.044 per share, with no brokerage fees.

Incentives with Free Attaching Options

Each share purchased under the SPP came with free attaching unlisted options on a 1, 2 basis. These options carry an exercise price of $0.07 and expire on 30 November 2026. This structure provides shareholders with potential upside if Greenvale’s share price appreciates beyond the exercise price within the next year.

Strong Insider Participation

Notably, all eligible directors and management participated in the SPP, signaling confidence in the company’s exploration projects and future prospects. Greenvale’s portfolio includes early-stage uranium exploration in the Northern Territory, the Oasis advanced-exploration project in Queensland, and geothermal projects in Queensland’s Alpha Torbanite and Millungera Basin regions.

Next Steps and Market Implications

The company expects to announce the final outcome of the SPP on 4 December 2025, including the total funds raised and the issue of new shares. This capital raising is likely intended to fund ongoing exploration activities and resource growth, which are critical for a junior mining company seeking to build shareholder value.

Investors will be watching closely to see the level of take-up in the SPP and how the market responds to the increased share capital and option dilution. The free attaching options add an interesting dynamic, potentially incentivizing longer-term shareholder engagement if the company’s exploration results prove promising.