Latest Shareholder Dilution News

Zenith Minerals has opened a fully underwritten $3.5 million entitlement offer, inviting shareholders to subscribe for new shares with free attaching options, aiming to bolster its gold and lithium exploration projects.

Keybridge Capital has lodged formal applications with the Takeovers Panel contesting Yowie Group’s off-market takeover offer, citing alleged legal circumvention and disclosure issues. The dispute raises questions about control dynamics and shareholder rights in the unfolding corporate tussle.

Bass Oil Limited has raised $925,180 through a non-renounceable rights issue, aiming to complete its Vanessa Acquisition and fuel future growth initiatives.

Bastion Minerals Limited (ASX, BMO) has announced a non-renounceable entitlement offer to raise approximately $677,721 by issuing new shares at a low price of $0.001 each. The capital raise aims to support ongoing project evaluations and working capital needs.

Recce Pharmaceuticals has locked in a non-dilutive A$30 million debt facility with Avenue Capital Group, extending its cash runway to support pivotal Phase 3 trials and commercialisation of its synthetic anti-infective R327G.

Vanadium Resources Limited has signed a non-binding MoU with China Precious Asia Limited to supply 1.2 million tonnes per annum of vanadium-rich magnetite ore, marking a strategic step toward near-term production and early cashflow generation from its Steelpoortdrift project.

Cobre Limited has announced a fully underwritten loyalty options offer to raise approximately $1.18 million, offering eligible shareholders one new option for every three shares held at $0.008 each. The new options carry an exercise price of $0.066 and expire in November 2028.

FireFly Metals Ltd has announced a flow-through share offer aiming to raise approximately A$11.2 million, targeting Canadian investors to fund regional exploration drilling. This offer complements a broader capital raising strategy to advance development at the Ming Mine and other key projects.

Tempest Minerals has completed a pro-rata entitlement offer, raising over $600,000 to fund exploration in Western Australia, though a significant shortfall remains to be allocated.

S2 Resources has raised A$3.5 million through a placement and share purchase plan to fund exploration across multiple Australian gold and base metal projects. The capital injection aims to maintain momentum while balancing shareholder interests.

Prodigy Gold NL has announced a non-renounceable entitlement offer aiming to raise approximately $6.35 million to fund exploration and development across its key gold projects in the Tanami region. The offer is partially underwritten, providing a degree of funding certainty amid ongoing market and operational risks.

Wide Open Agriculture Limited has launched a Share Purchase Plan offering shareholders the chance to buy up to $30,000 in new shares at a discounted price, accompanied by free listed options. The offer closes on 7 July 2025.