PEN.ASX: Results of Retail Entitlement Offer

Results of Retail Entitlement Offer

Stock	Peninsula Energy Ltd (PEN.ASX)
Release Time	9 Jun 2026, 8:42 a.m.
Price Sensitive	Yes

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Peninsula Energy Ltd Announces Results of Retail Entitlement Offer

Key Points

Applications received for approximately A$2.7 million, with a shortfall of A$4.2 million.
Fully underwritten A$36.1 million equity raise completed.
Canaccord Genuity and Shaw and Partners acted as Joint Lead Managers and underwriters.
Institutional Placement and Entitlement Offer conducted with a US$30 million convertible debt facility.

Full Summary

Peninsula Energy Ltd (ASX: PEN) has announced the results of its retail entitlement offer, which aimed to raise a total of A$6.9 million. The offer received applications for approximately A$2.7 million, with a shortfall of A$4.2 million to be subscribed by the underwriters, Canaccord Genuity and Shaw and Partners. This, combined with the A$21.8 million institutional placement and the A$7.3 million institutional component of the entitlement offer, completed the fully underwritten A$36.1 million equity raising. The retail entitlement offer closed on June 4, 2026, and the new shares are expected to settle on June 11, 2026, with allotment on June 12, 2026. The company also secured a binding commitment for a US$30 million senior secured convertible note debt facility with Soul Patts, providing further financial strength.