• Altamin to raise up to $6.46 million via accelerated non-renounceable entitlement offer
• Offer underpinned by strong support from largest shareholder Victor Smorgon Group
• Proceeds to be used for project development, permitting, and working capital

Altamin Ltd (ASX:AZI) is undertaking an accelerated non-renounceable pro-rata entitlement offer of new fully paid ordinary shares to eligible shareholders. The offer will be on the basis of 45 new shares for every 100 existing shares, at an offer price of $0.025 per new share, to raise up to approximately $6.46 million (before costs). The offer is underpinned by strong support from the company's largest shareholder, the Victor Smorgon Group, which has committed to take up its full entitlements of approximately $3.43 million. Proceeds from the entitlement offer will predominantly be applied towards project development and related activities at the company's Lazio Project, permitting-related activities at the Gorno Project, and to maintain the Gorno mine in good standing whilst the project is in the process of seeking a joint venture partner or buyer. The entitlement offer comprises an accelerated institutional component and a retail component. Eligible retail shareholders may also subscribe for additional shares under a 'top-up' facility, subject to availability and scale back at the board's discretion. The entitlement offer is not underwritten.