Latest Shareholder Support News

VRX Silica Limited has successfully closed a renounceable rights issue, securing $2.86 million to fund key developments at its Arrowsmith North and Muchea silica sand projects.

The Supreme Court of New South Wales has approved the scheme of arrangement for SDI Limited’s acquisition by Beijing Guoci’s subsidiary, paving the way for a cash payout and ASX suspension.

RTO Limited reported a net loss of NZD 173,831 for the year ended 31 March 2026, remaining inactive while actively seeking a reverse takeover target. The company faces going concern uncertainty but secured shareholder support with a $200k loan agreement post-year-end.

AoFrio Limited has successfully closed a renounceable pro-rata rights issue, securing NZ$4.428 million to fund its push into US and European markets and advance AI-driven innovations in cold drink equipment.

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.

Freedom Bidco has increased its unsolicited cash offer for Strata Investment Holdings to A$0.22 per share, presenting shareholders with a premium liquidity option ahead of Strata’s imminent ASX delisting. The offer includes a cash alternative and a share swap, while Freedom Bidco accuses Strata’s board of obstructive tactics and governance failings.

Strategic Elements Ltd has closed its Share Purchase Plan (SPP) after applications topped $3 million, exceeding the $2.5 million cap. The oversubscription highlights strong shareholder support as the company prepares for a more active phase leveraging the Pooled Development Fund structure.

Qube Holdings shareholders convened to endorse a $5.20 per share acquisition scheme by Rubik Australia, valuing the logistics firm at $9.3 billion equity and $11.7 billion enterprise value. The deal awaits key regulatory approvals and a rescheduled court hearing before implementation.

Minerals 260 has kicked off early construction at its 4.5Moz Bullabulling Gold Project, aiming for plant construction in early 2027 and first gold output by late 2028. Key initiatives include a $59.1 million village contract, water infrastructure development, and extensive grade control drilling.

Electro Optic Systems (ASX:EOS) has dramatically expanded its Share Purchase Plan from $25 million to $40 million after receiving $95 million in applications, reflecting robust support from retail investors. Approximately 5 million new shares will be issued at $8.00 each, matching recent institutional pricing.

Larvotto Resources will acquire Hammer Metals in a $55 million scheme delivering a 64% premium, while Hammer shareholders retain exposure to Western Australian gold assets through a demerger.

Syntara Limited has completed a $0.84 million Share Purchase Plan, boosting its total capital raise to $8.84 million to fund multiple clinical trials and patent development through to Q3 2027.