Key points
- EcoGraf offers eligible shareholders to participate in an underwritten SPP to raise approximately $2,000,000
- Issue Price will be a 20% discount to the last 5 days' volume weighted average market price
- Funds will be used for debt financing, strategic equity, and project development
- Offer open from September 7, 2026, to September 28, 2026
Full summary
EcoGraf Ltd has issued an Offer Booklet for its Share Purchase Plan (SPP) to eligible shareholders. The SPP aims to raise approximately $2,000,000 before costs. Eligible shareholders can apply for up to $30,000 of new shares, with a minimum application of $2,000, without incurring brokerage or transaction costs. The issue price will be a 20% discount to the volume weighted average market price of shares calculated over the last 5 days on which sales in shares were recorded before the day on which the new shares are issued. The SPP is underwritten to $2,000,000 by Canaccord Genuity (Australia) Limited. The funds raised will be used for finalizing debt financing, securing strategic partners and offtake, advancing integrated development studies, gold exploration, and general corporate costs.
Guidance
EcoGraf Ltd plans to raise approximately $2,000,000 through the SPP
Outlook
EcoGraf Ltd aims to use the funds to finalize debt financing, secure strategic partners, advance development studies, and support exploration activities.