Latest Shareholder Approvals News

Aureka Limited (ASX:AKA) has opened a share purchase plan targeting approximately $1.5 million at $0.12 per share, giving eligible Australian and New Zealand shareholders access to the same price as its recent placement. The funds are earmarked for production investment, working capital and exploration drilling.

Terrain Minerals has secured a $1 million commitment from Gandel Metals at a 33.33% premium to market, anchoring a broader $2.513 million placement and rights issue. The funds will support the company’s largest planned RC drilling campaign at the Lightning gold and silver project.

Way2VAT has secured binding commitments for a A$2.109 million placement, giving the fintech capital to fund the next RBC acquisition payment and its e-invoicing expansion. The raise comes at a 29% discount and carries potential further dilution through free-attaching options.

Reedy Lagoon has secured a fully underwritten $1.8 million placement that would more than double its shares on issue, while related-party debt is shifted to an interest-free 24-month repayment plan. The recapitalisation also brings a leadership change, with Geof Fethers retiring as managing director and Ish Peries joining the board.

ASX has granted Hammer Metals waivers allowing it to cancel 29.5 million options and restructure its capital for the proposed Austral Resources deal and Western Australian gold demerger. The transaction still depends on the scheme becoming effective, while the demerger requires shareholder approval.

FBR has fully underwritten its A$2.5 million share purchase plan, removing the immediate risk of an unfunded shortfall but adding cash fees and potential option dilution. Alpine Capital can also terminate the arrangement in several circumstances, including a 10% fall in the S&P/ASX 200 Index.

West Coast Silver has completed the main tranche of its A$6.0 million placement, raising A$5.92 million before costs for drilling, technical studies and resource updates at Elizabeth Hill. A final A$80,000 director tranche still requires shareholder approval.

Turnstone Resources has moved A$25,000 of its A$1.1 million placement into the immediately available tranche, reducing the amount still dependent on shareholder approval. The company expects to settle the raising this week, with directors committing A$165,000 to the conditional tranche.

NuEnergy Gas Limited has secured A$3.05 million through a placement to fund early gas sales and production expansion at its Tanjung Enim project, alongside advancing other Indonesian coal bed methane assets.

Kaoko Metals secures $20 million from institutional investors to ramp up diamond drilling and exploration across its Namibian copper-silver and gold-copper-tungsten projects.

Central Asia Metals shareholders have greenlit the allotment of new shares to fund their acquisition of Cygnus Metals, marking a pivotal step in the takeover process. Bell Potter joins Morgans to help Cygnus shareholders navigate CREST accounts for trading post-scheme.

Aureka Limited is set to become a gold producer after signing a binding agreement to acquire High Grade Holdings, including the Fiddlers Creek underground mine and Wedderburn processing mill in Victoria. The majority scrip, low cash deal valued at $8.9 million unlocks immediate production and processing capacity for Aureka’s Victorian gold projects.