GCM.ASX: Issue of Shortfall Shares to Underwriters

Issue of Shortfall Shares to Underwriters

Stock	Green Critical Minerals Ltd (GCM.ASX)
Release Time	15 Oct 2025, 9:30 a.m.
Price Sensitive	Yes

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Green Critical Minerals Ltd issues shares to underwriters

Key Points

107,913,362 shortfall shares to be issued to underwriters at $0.022 each
Shares to be issued under ASX Listing Rule 7.2 exception 10, no shareholder approval required
Indicative timetable provided for shortfall notification, settlement, issue, and ASX quotation

Full Summary

Green Critical Minerals Ltd (ASX:GCM) has announced the issue of 107,913,362 shortfall shares to underwriters Aitken Mount Capital Partner Pty Limited and Canaccord Genuity (Australia) Limited at $0.022 per share. This follows the expiry of the company's quoted options (ASX:GCMO) on 12 October 2025, with a total of 251,672,933 options on issue prior to expiry, of which 143,759,571 were exercised and 107,913,362 lapsed. Pursuant to the Underwriting Agreement between GCM and the underwriters, the shortfall shares will be issued in accordance with ASX Listing Rule 7.2 (exception 10), and therefore shareholder approval is not required. An indicative timetable has been provided, with the shortfall notification date on 14 October 2025, shortfall settlement date on 17 October 2025, issue date on 20 October 2025, and expected date for ASX quotation of the shortfall shares on 21 October 2025.