Centaurus Metals Share Purchase Plan & Options Prospectus

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Stock Centaurus Metals Ltd (CTM.ASX)
Release Time 22 Aug 2025, 11:36 a.m.
Price Sensitive Yes
 Centaurus Metals Share Purchase Plan & Options Prospectus
Key Points
  • Centaurus Metals offers share purchase plan to eligible shareholders
  • Opportunity to subscribe for up to $30,000 of new shares at $0.36 per share
  • Eligible shareholders also entitled to free attaching options
Full Summary

Centaurus Metals Limited is offering eligible shareholders the opportunity to participate in a share purchase plan (SPP) to subscribe for up to $30,000 worth of new fully paid ordinary shares in the company at an issue price of $0.36 per share. The SPP seeks to raise a total of $3 million and is not underwritten. Eligible shareholders who participate in the SPP are also entitled to one free attaching unlisted option for every two SPP shares subscribed for and issued under the SPP. Each option will be exercisable at $0.50 and will expire on 30 November 2027. The funds raised under the SPP and a recent $20 million placement will be used to advance the development of Centaurus' flagship Nickel Sulphide Project in northern Brazil, to support the Jaguar Strategic Partnering and debt funding processes, to advance exploration of the Boi Novo Copper Project, and towards general working capital requirements. The SPP opens on 22 August 2025 and is expected to close on 5 September 2025, with the new shares expected to commence trading on 15 September 2025.