Latest Underwriting News

Wellnex Life Limited has announced a non-renounceable entitlement offer to raise approximately $22.1 million at $0.65 per share, supporting its planned AIM listing and strategic growth initiatives.

WA Kaolin Limited has announced a fully underwritten pro-rata accelerated non-renounceable rights offer to raise approximately $7 million, aiming to bolster working capital and support production ramp-up at its Wickepin operations.

WA Kaolin Ltd has launched a fully underwritten A$7 million entitlement offer to fund a critical ramp-up in production following successful operational upgrades. With strong forward orders and supportive major shareholders, the company aims to achieve positive cash flow and expand its market footprint.

WA Kaolin Limited is raising A$7 million through a fully underwritten entitlement offer to support its sales ramp-up and working capital needs, following a successful upgrade to its classifier project that enhances production capabilities.

Tower Limited has raised its full-year underlying NPAT guidance to $60m-$70m, citing strong first-quarter results and favourable claims trends despite softer premium growth.

Vonex Limited has announced a $13.9 million non-renounceable entitlement offer to reduce its substantial debt, with major shareholder Maxo Telecommunications underwriting the raise. The move comes as CEO Ian Porter prepares to depart, marking a pivotal moment for the telecommunications provider.

Vonex Limited has announced a $13.9 million non-renounceable entitlement offer primarily aimed at reducing its debt, alongside the upcoming departure of CEO Ian Porter. Major shareholder MaxoTel is backing the raise with a substantial commitment.

Canyon Resources has gained government approval for its Inland Rail Facility location in Cameroon, advancing the Minim Martap Bauxite Project with new land allocation and infrastructure plans.

Rapid Lithium Limited has closed its partially underwritten entitlement offer, raising $53,860 with 37 applications, and is now working to place the remaining shortfall by April 2025.

Savannah Goldfields Limited has announced a fully underwritten entitlement offer and placements to raise up to $9.91 million, aiming to fund a restart of mining and processing operations alongside debt repayments and exploration.

Savannah Goldfields Limited has announced a $9.91 million equity raising to fund the restart of mining operations and regional expansion in Far North Queensland. The company targets resuming production in H1 2025 with a focus on optimising costs amid a strong gold price environment.

Savannah Goldfields Limited has launched a $14 million capital raising to fund the restart of gold mining operations at its Agate Creek and Georgetown projects, backed by cornerstone investors including Wes Maas.