• Lindian Resources enters underwriting agreement with Petra Capital for ~17.8m remaining options
• Underwriting provides opportunity for supportive institutional investors to increase holdings
• Underwriting confirms market support for Lindian and underlying investment value

Lindian Resources Ltd (ASX: LIN) has announced that it has entered into an underwriting agreement with Petra Capital Pty Limited to raise approximately A$5.0 million from the exercise of outstanding options. The underwriting agreement covers the approximately 17.8 million remaining options with an exercise price of A$0.30, which are due to expire on 9 December 2025. The underwriting of the options provides an opportunity for supportive institutional investors to increase their holdings in the company at this important juncture. The underwriting confirms market support for Lindian and the underlying value of the investment. Petra Capital will receive a fee of 6% (excluding GST) for the underwriting, comprising a 2% management fee and a 4% underwriting fee. The underwriting agreement is on standard commercial terms and includes market-standard termination events. The options are due to expire at 5pm (WST) on 9 December 2025, and the settlement of the underwriting agreement shares is expected to occur on 18 December 2025, with the shares to be issued on or around 19 December 2025.