Key points
- Completed Retail Entitlement Offer raising A$78.5 million
- Raised approximately A$375.4 million in total
- Shares to commence trading on September 17, 2026
Full summary
L1 Gold Fund Limited (ASX: LGF) has successfully completed its Retail Entitlement Offer, raising approximately A$78.5 million through the issuance of 34,901,798 new fully paid ordinary shares. This follows the completion of the non-underwritten institutional placement, the institutional component of the entitlement offer, and the institutional shortfall offer, which collectively raised A$254.9 million. The Retail Entitlement Offer, which opened on August 31, 2026, and closed on September 9, 2026, was priced at A$2.25 per share. The new shares are expected to be allotted and issued on September 16, 2026, and will commence trading on the ASX on September 17, 2026. The total proceeds from the equity raising will be invested in accordance with L1 Capital's current investment strategy.
Guidance
Total funds raised: A$375.4 million; timeframe: post-announcement
Outlook
The raised funds will be invested in line with L1 Capital's investment strategy, enhancing the company's capital base.