Share Purchase Plan - Underwritten
Open PDF
| Stock | Saturn Metals Ltd (STN.ASX) |
|---|---|
| Release Time | 3 Aug 2026, 8:32 a.m. |
| Price Sensitive | Yes |
This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA.
The summaries are generated by large language models so please interpret with care.
Saturn Metals Underwrites Share Purchase Plan
Key Points
- Successful A$100 million placement completed
- Share Purchase Plan (SPP) underwritten for up to $5 million
- Eligible shareholders can subscribe for up to $30,000 worth of shares at $0.40 each
- Proceeds will fund early-stage development at Apollo Hill Gold Project
- SPP opens on 6 August 2026 and closes on 21 August 2026
Full Summary
Saturn Metals Limited (ASX:STN) has announced that its Share Purchase Plan (SPP) has been successfully underwritten for up to $5 million. This follows the completion of a successful A$100 million placement. The SPP offers eligible shareholders the chance to subscribe for up to $30,000 worth of new shares at $0.40 each, without incurring any brokerage or transaction costs. The proceeds from the SPP will be used to fund early-stage development activities at the Apollo Hill Gold Project. The SPP is set to open on 6 August 2026 and close on 21 August 2026, unless extended or closed earlier by the Company. Petra Capital is acting as the sole Underwriter to the SPP.
Sign in to get more information about the company, including guidance changes and other insights.
Sign In