WHK.ASX: Completion of Tranche 1 Placement

Completion of Tranche 1 Placement

Stock	Whitehawk Ltd (WHK.ASX)
Release Time	11 Aug 2025, 5:08 p.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

WhiteHawk Completes Tranche 1 Placement

Key Points

Raised A$1.56 million through Tranche 1 Placement
Issued 135,638,588 new shares at $0.0115 per share
Granted 67,819,319 free attaching listed options

Full Summary

WhiteHawk Limited (ASX:WHK) has announced the completion of Tranche 1 of its two-tranche placement. The Tranche 1 Placement raised A$1.56 million (before costs) through the issue of 135,638,588 fully paid ordinary shares at an offer price of $0.0115 per share. Each new share issued under Tranche 1 comes with one free attaching WHKOA listed option, exercisable at $0.02 each and expiring on 24 April 2028. The issue of the 67,819,319 Placement Options is subject to shareholder approval at a General Meeting to be held in September 2025. The Tranche Two ('T2') Placement to raise an additional A$440,156 for 38,274,452 new shares and 19,137,227 Placement Options under the same terms and conditions as the T1 Placement will also be subject to shareholder approval at the September 2025 General Meeting.