Minerals 260 Opens Share Purchase Plan
Key points
- Minerals 260 launches a Share Purchase Plan (SPP) for eligible shareholders
- Shareholders can acquire up to $30,000 worth of shares without transaction costs
- Shares issued at $0.88 each, same as recent placement
- Funds raised will support Bullabulling Gold Project and exploration activities
- SPP opens September 28, 2026, and closes October 19, 2026
Full summary
Minerals 260 Limited (ASX: MI6) is pleased to announce the opening of its Share Purchase Plan (SPP), providing eligible shareholders with an opportunity to acquire up to $30,000 worth of fully paid ordinary shares without paying any brokerage costs, commission, or other transaction costs. The SPP is conducted concurrently with a non-underwritten two-tranche placement to institutional and sophisticated investors. Shareholders can purchase shares at an issue price of $0.88 per share, the same price as the recent placement, representing a 3.5% premium to the 10-day volume-weighted average price. Minerals 260 aims to raise up to approximately $30 million under the SPP, with the combined funds from the placement and SPP, along with royalty funding and existing cash, to be applied to advancing the Bullabulling Gold Project, exploration activities, and general working capital.
Guidance
Targeting to raise up to $30 million under the SPP, combined with $280 million from the placement
Outlook
The funds raised will support the advancement of the Bullabulling Gold Project and exploration activities, with potential positive impacts on future production and revenue.
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