Latest Share Dilution News

Harvest Technology Group has raised $500,000 through unsecured convertible notes with a 15% annual interest rate, supporting its strategic three-year profit plan. The notes include attached options exercisable over two years, pending shareholder approval.

Horseshoe Metals Limited has requested a voluntary suspension of its shares on the ASX to complete a capital raising, with trading expected to resume by 1 July 2025.

Noble Helium has amended its convertible note terms with Obsidian Global, postponing share conversions until refinancing or September 2025, while issuing new shares and options as part of a strategic turnaround.

Babylon Pump & Power has successfully placed over 202 million shortfall shares, raising approximately $811,728 from sophisticated investors as part of its recent entitlement offer.

Zenith Minerals has launched a fully underwritten $3.5 million entitlement offer to fund drilling at its key gold projects in Western Australia and Queensland, aiming to expand mineral resources and advance exploration.

New World Resources has successfully completed a placement of 32 million shares at $0.02 each to its board and senior management, following shareholder approval. This move subtly reshapes the company’s capital structure ahead of its copper and base metals projects in the US.

Miramar Resources has partnered with Topdrill in a drill-for-equity agreement to fund significant drilling at the promising 8 Mile gold target within its Gidji JV Project near Kalgoorlie. Drilling is set to begin in July, aiming to explore extensions of a known gold deposit.

Alvo Minerals Limited has had its trading suspension lifted immediately following the release of details about its Entitlement Offer, signaling renewed market activity.

Conico Ltd has resolved a significant legal dispute with Cartwright Drilling and announced a $2.09 million recapitalisation plan involving convertible loans, a rights offer, and a share consolidation, all pending shareholder approval.

Invert Graphite has completed significant acquisitions including South Australian exploration licences and appointed a new CEO and board members, setting the stage for its next growth phase.

Life360 has announced a $250 million convertible senior notes offering, with an option for an additional $37.5 million, aiming to bolster its balance sheet and support strategic initiatives.

Genmin Limited has signed a non-binding term sheet for a US$3 million convertible notes offer with a prominent US family office, aiming to accelerate development of its Baniaka iron ore project in Gabon.