Latest Capital Raisings News

Kalamazoo Resources has secured A$10 million from a Saudi-led strategic investor and existing shareholder YT International at a 29% premium to its last close. The funding gives the Ashburton Gold Project more room to advance drilling, feasibility work and the Xanadu prospect evaluation.

ION Video has issued 7.63 million shares and 3.81 million options under its September placement, with the options exercisable at $1.00 until September 2027. Directors are also seeking approval for a further 3 million shares and 1.5 million options.

Aurum Resources has confirmed that the Boundiali assay information was market-sensitive, while defending the timing and validity of a cleansing notice issued before the results were released. ASX has not indicated whether it accepts the company’s explanation.

EcoGraf has completed a A$4.727 million capital raising to support debt financing and development work at its Epanko graphite project in Tanzania. The raise combines a shareholder-backed SPP with a discounted placement to institutional and sophisticated investors.

Yowie Group’s FY26 loss narrowed sharply after cost reductions and a non-cash loan impairment reversal, but revenue fell 27% and operating cash flow turned deeply negative. The confectionery maker remains loss-making, has negative net assets and faces uncertainty over funding, supply and the return of its ASX quotation.

Ovanti has reported a A$23.61 million FY2026 loss, A$21.27 million in operating cash outflows and only A$291,867 in cash at year end. The ASX-listed fintech has abandoned BNPL globally, but says its continuing operations and proposed funding initiatives provide a basis to keep trading despite a material going-concern uncertainty.

FOS Capital has raised $276,815 through its Share Purchase Plan and shortfall placement, taking its broader capital raising to $1.83 million. A further $310,000 director subscription remains subject to shareholder approval later this month.

L1 Global Long Short Fund has launched a non-underwritten one-for-two entitlement offer at A$1.76 a share, targeting up to A$482.7 million for new investments. The raising follows a 19.4% portfolio return since L1 Capital became manager and comes with the familiar risk that shareholders who do not participate could be diluted.

LGI Limited (ASX:LGI) is buying two operating Queensland solar farms for $22 million, adding 42MW of export capacity at a price below the company’s stated greenfield replacement cost. The transaction lifts LGI’s targeted medium-term renewable and dispatchable capacity pipeline beyond 120MW, although the projected earnings contribution depends on electricity prices, synergies and software integration.

Magnetite Mines has opened a partially underwritten share purchase plan targeting approximately $1 million from eligible Australian and New Zealand shareholders. Investors who receive shares will also be entitled to one free listed option per share, subject to shareholder approval.

OD6 Metals has secured A$6.92 million from institutional and sophisticated investors to advance drilling, bulk sampling and resource definition at its Quinn Fluorspar Project in Nevada. The funding also sets up a proposed rebrand to Adaven, but brings dilution and a substantial package of shareholder approvals.

Zenith Minerals has rejected an unsolicited $5 million capital-raising proposal from Aurenne, saying it is incomplete, difficult to implement and offers shareholders no direct consideration. The board has kept its recommendation of Forrestania Resources’ takeover offer unchanged.