Latest Capital Raises News

Cann Group Limited has raised $750,000 through a convertible note agreement with Obsidian Global, aiming to strengthen its working capital and move towards EBITDA positivity.

H&G High Conviction Limited has been suspended from ASX trading due to failing to meet operational requirements, raising questions about its future as a listed entity.

Regener8 Resources has announced a $2.03 million entitlement offer at a 41% discount, aiming to accelerate exploration and acquisition of its Srebrenica North Project. Eligible shareholders can subscribe at one new share for every two held, positioning the company for its next growth phase.

Lithium Energy Limited has revealed a detailed two-year, $36 million plan to advance its battery minerals projects, supported by a robust $68 million cash position as it prepares for ASX relisting.

Miramar Resources has secured $1.49 million through a placement to accelerate drilling at its promising Gidji JV Gold Project and initiate copper-lead-silver exploration at Chain Pool. The company targets a potential JORC-compliant gold resource amid encouraging high-grade results.

Oneview Healthcare has successfully raised A$19 million through a two-tranche placement and launched a Security Purchase Plan to further strengthen its financial position and accelerate AI development.

WAM Active Limited has updated its Dividend Reinvestment Plan rules, allowing residual dividend balances to be carried forward and aligning the plan with current market practices. These changes aim to enhance shareholder participation and capital management.

Metro Performance Glass reports solid operational gains and a stronger balance sheet amid ongoing construction market challenges, though revenue falls short of earlier forecasts.

Emperor Energy has successfully raised $17.5 million to advance drilling of its Judith-2 appraisal well, aiming to unlock a major gas resource in Victoria’s Gippsland Basin. The capital raise underscores strong investor confidence as the company moves closer to proving commercial gas flow rates.

iCandy Interactive is exploring a US listing for its subsidiary Lemon Sky Studios to unlock shareholder value, while facing a likely ASX delisting due to audit delays. The company also plans a capital raise to support these initiatives.

Caspin Resources has raised $6 million through an oversubscribed equity placement to fast-track exploration at its Bygoo Tin Project, focusing on expanding resources at the Kelpie Deposit and regional targets.

Cygnus Metals has successfully raised A$25 million through a well-supported placement to fund resource expansion and technical studies at its Chibougamau Copper-Gold Project in Canada.