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.
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