Latest Share Distribution News

L1 Group Limited has successfully closed its Share Purchase Plan, raising the targeted $25 million despite demand exceeding $31.9 million. The company will issue over 26 million new shares, with scaled allocations to balance shareholder equity.

Eastern Metals Limited updates shareholders on its in specie return of capital, distributing Australian Gold and Copper shares at a ratio of 1 for every 36 EMS shares held. Key approvals are secured, with distribution scheduled for November 2025.

Central Petroleum has agreed to sell its Northern Territory sub-salt exploration permits to Georgina Energy, gaining a 25% equity stake in the helium-focused explorer. The deal refocuses Central on conventional oil and gas while offering shareholders exposure to emerging helium and hydrogen prospects.

Strickland Metals delivers robust drilling results at its Serbian Rogozna Project, revealing new high-grade copper-gold zones and expanding gold mineralisation footprints, while completing the sale of its Yandal Project to Gateway Mining.

Peel Mining has significantly increased its Share Purchase Plan to $5 million following overwhelming shareholder interest, reflecting strong confidence in its Cobar Basin assets.

Australian Finance Group Ltd (AFG) reported a robust 21% increase in net profit for FY25, driven by strategic broker network expansion and technology investments, while setting ambitious growth goals through FY29.

Eastern Metals Limited (ASX – EMS) announces a significant return of capital through an in specie distribution of Australian Gold and Copper Ltd shares, pending shareholder approval and key conditions.

Lefroy Exploration has received the first $1.25 million cash advance from BML Ventures, strengthening its financial position ahead of key development milestones at the Lucky Strike and Burns Central gold projects.

ReNerve Ltd is rapidly advancing its nerve repair product portfolio, with four ranges expected on the market by the end of 2025 and expanding global distribution. Clinical studies highlight significant patient benefits, supporting the company’s growth in a booming biomaterials market.

Aldoro Resources has updated the timetable for distributing Sultan Consideration Shares following recent asset divestments, with shareholder approval set for November.

Aldoro Resources has agreed to sell its non-core projects for approximately $3.3 million, enabling a sharpened focus on its flagship Kameelburg Niobium-REE Carbonatite Project in Namibia. The deal includes a significant share distribution in Sultan Resources to Aldoro shareholders.

Hastings Technology Metals has agreed to sell its Western Australian gold assets to Metal Bank Limited for A$2.3 million in shares, enabling a sharper focus on its flagship rare earths project. The deal includes key management moves and an in-specie share distribution to Hastings shareholders.