LRT.ASX: Placement and Security Purchase Plan

Placement and Security Purchase Plan

Stock	Lowell Resources Fund (LRT.ASX)
Release Time	20 Aug 2026, 9:51 a.m.
Price Sensitive	Yes

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Lowell Resources Fund Announces Placement and SPP

Key Points

Placement raised A$11.9m exceeding initial target
SPP allows unitholders to subscribe up to A$30,000
Funds will be applied to existing investment strategy

Full Summary

Lowell Resources Fund (ASX:LRT) has announced a successful placement raising approximately A$11.9 million, exceeding the initial target of A$10 million. The placement, conducted by Taylor Collison Limited and Canaccord Genuity (Australia) Limited, was priced at A$2.01 per unit. The fund is also launching a Security Purchase Plan (SPP) allowing existing unitholders to subscribe for up to A$30,000 in new units at the same price. The funds raised will be applied to the fund's existing investment strategy, which has a track record of over 20 years in managing a portfolio of junior mining and energy investments.

Guidance

Placement raised A$11.9m, exceeding initial target

Outlook

Funds will be applied to existing investment strategy, focusing on junior mining and energy investments