Key points
- EcoGraf Ltd is launching an underwritten Share Purchase Plan (SPP) to raise approximately A$2,000,000.
- The SPP is available exclusively to eligible shareholders as of the Record Date.
- Funds raised will be used for debt financing, strategic equity, and operational expansion.
- The Company may supplement the SPP with a top-up placement to institutional investors.
- The SPP has a closing date of 28 September 2026.
Full summary
EcoGraf Limited (EcoGraf or the Company) (ASX:EGR; FSE: FMK) has announced an underwritten Share Purchase Plan (SPP) to offer new fully paid ordinary shares to raise approximately A$2,000,000. The SPP is available to eligible shareholders registered as of the Record Date and residing in specific countries. The SPP entitles eligible shareholders to purchase up to $30,000 worth of new shares at a 20% discount to the volume-weighted average market price. The SPP is underwritten by Canaccord Genuity (Australia) Limited. Funds raised will be used for finalizing debt financing, securing strategic equity, supporting integrated development, advancing gold exploration, and covering general corporate costs. The Company may supplement the SPP with a top-up placement to institutional investors. The SPP has a closing date of 28 September 2026.
Guidance
EcoGraf Ltd aims to raise approximately A$2,000,000 through the SPP.
Outlook
EcoGraf Ltd is at a pivotal stage of development, with key initiatives underway to secure debt financing, strategic equity, and offtake. The Company is positioned to capitalize on the global transition to clean energy and electrification.