Key points
- Argosy Minerals offers eligible shareholders a Share Purchase Plan (SPP)
- SPP allows eligible shareholders to buy up to $30,000 of new shares
- Offer price is a discount to the last traded price and average price
- SPP Offer opens on September 8, 2026, and closes on September 22, 2026
- Funds raised will be used for Rincon Project and other working capital purposes
Full summary
Argosy Minerals Limited (ASX:AGY) has announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to subscribe for up to $30,000 of new fully paid ordinary shares in the company at an issue price of $0.036 per share, without brokerage or transaction costs. The offer price represents a discount of 16.3% to the company's closing share price on August 28, 2026, and a 19.3% discount to the volume weighted average price over the last five days. Eligible shareholders who participate in the SPP are also entitled to one free attaching unlisted option for every two SPP shares subscribed for and issued under the SPP. The SPP Offer is optional and is open to shareholders registered as holders of shares as of September 1, 2026, with a registered address in Australia or New Zealand. The offer will open on September 8, 2026, and close on September 22, 2026, unless varied or extended. The funds raised under the SPP will be used to fund continuing feasibility and engineering works/studies for the Company's Rincon Project, development works, working capital, and other general working capital purposes.
Guidance
Argosy Minerals aims to raise up to $0.5 million under the SPP Offer.
Outlook
The funds raised from the SPP Offer will support ongoing feasibility and engineering works for the Rincon Project, development activities, and general working capital needs.