Latest Debt Conversion News

Hydrix Limited has closed the retail component of its $8.18 million entitlement offer, raising $1.34 million through a 31% participation rate. The company aims to use the proceeds to reduce debt, support operations, and invest in defence technology, with a significant convertible note debt conversion pending shareholder approval.

Swift TV Ltd has secured $2.33 million through a $1.9 million placement and a $430,000 debt conversion, boosting its capacity to deliver contracted deployments and expand recurring revenue streams.

Bounty Oil & Gas NL has issued a prospectus offering over 632 million new options to eligible investors as part of a broader recapitalisation, potentially raising $6.3 million if exercised.

Helios Energy has raised $1.5 million through a share placement priced at $0.003 per share while extinguishing $100,000 of convertible note debt by issuing shares, bolstering working capital.

Beonic Ltd (ASX:BEO) has initiated a $3 million pro-rata renounceable entitlement offer at $0.08 per share, partially underwritten by Alpine Capital, to shore up working capital and repay shareholder loans. The offer carries potential dilution of 35.7% for non-participating shareholders and may increase the Thorney Group's voting power significantly.

Hydrix Limited has launched the retail phase of its accelerated entitlement offer aiming to raise up to $8.18 million by issuing six new shares per existing share at $0.005 each, plus free options. The institutional component has closed, and retail shareholders have until 5 June to participate.

Helios Energy Ltd has secured $1.51 million through a share placement priced at $0.003 each, while extinguishing $100,000 of convertible note debt by issuing shares to noteholders. The capital boost aims to support working capital as the company advances its Texas oil projects.

Hydrix Limited has bolstered its balance sheet by raising $3.89 million and converting $5.1 million of debt into equity, positioning itself to expand its Defence technology footprint following a $1.2 million contract with NIOA Group.

QMines Limited has converted $1 million of convertible notes to equity, becoming debt free and clearing the way for a $15 million strategic investment by QIC's Critical Minerals Fund, positioning it to advance its Mt Chalmers copper-gold project.

Peninsula Energy has completed a fully underwritten A$36.1 million equity raise backed by institutional investors including Washington H. Soul Pattinson, alongside a US$30 million convertible note facility to support its Lance Uranium Project ramp-up.

Laramide Resources posted a CAD 1.13 million net loss for Q1 2026, reflecting ongoing exploration costs and a one-off loss from exiting its Kazakhstan asset. The company’s mineral property base expanded to CAD 118.7 million, driven by Australian and US projects.

WA Kaolin is seeking up to A$34.9 million through a fully underwritten entitlement offer aimed at restructuring its balance sheet, reducing shareholder loans, and funding operational improvements at its Wickepin kaolin project.