Latest Entitlement Offer News

Spenda Limited has accelerated its strategic turnaround by slashing operating costs by about $400,000 per month and locking in new retail contracts, while eyeing divestments and emerging tech opportunities.

Somerset Minerals (ASX:SMM) has raised $2 million through a placement and plans a $1.2 million entitlement offer to fund a maiden reverse circulation drill campaign at its Talisker copper target in Nunavut, Canada, starting July 2026.

TZ Limited (ASX:TZL) has launched a 1-for-4 non-renounceable entitlement offer priced at 3 cents per share, aiming to raise approximately $2.58 million to reduce debt and fund growth initiatives.

Akora Resources has completed a $3.3 million equity raise combining a $1.6 million placement and a modest $187,000 entitlement offer, positioning the company to push forward with mine development following its recent mining permit grant.

Constellation Resources is raising $3.22 million through a non-renounceable entitlement offer priced at $0.12 per share, aiming to bolster exploration in Western Australia and support general working capital.

White Energy has arranged a $1 million unsecured loan from a company linked to its chairman to support due diligence on planned acquisitions and cover working capital before a capital raising.

Spenda Limited has pushed back the closing date for its retail entitlement offer by five days, aiming to complete a critical $8.545 million capital raise to support its turnaround plan and reduce debt.

Beonic Ltd has closed its 5-for-9 renounceable entitlement offer, raising $1.58 million before costs, surpassing initial uptake expectations and reducing underwriting obligations.

Centuria Capital Group has successfully secured $265 million through institutional placement and entitlement offers, setting the stage for a $35 million retail entitlement offer to follow.

TZ Limited has secured $0.50 million through a placement of 16.7 million shares at 3 cents each, using its 10% placement capacity, and is launching a 1-for-4 entitlement offer to raise an additional $2.58 million.

Centuria Capital Group launches a $300 million fully underwritten equity raise to accelerate its AI Factory pipeline via ResetData and expand its real estate and credit funds platform.

Hawk Resources Limited has had its HWKOB securities suspended from trading pending compliance with ASX Listing Rule 2.5, affecting only this class of securities.