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North Stawell Minerals Ltd (ASX:NSM)

ALERT: Price-sensitive ASX Announcement for NSM
Current share price for NSM : $0.022 -0.018 (-45%)+
Announcement
Release
31 Oct 2025 5:21PM
Price at Release
$0.040
Full Release
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Summary
North Stawell Minerals Ltd announced the successful raising of an additional $400,000 through a Shortfall Offer, marking a significant step in their growth and exploration efforts. The company issued 13,333,333 new shares to professional and sophisticated gold investors, priced at $0.03 each. This capital injection will support ongoing exploration programs and advance secondary projects, including the evaluation of Wildwood and other key projects. This follows the company's previous announcement regarding the issuance of Shortfall Securities, culminating in a total equity raising of $2,418,123.
Key Points
  • North Stawell Minerals Ltd raised $400,000 through a Shortfall Offer.
  • The company issued 13,333,333 new shares to professional and sophisticated gold investors.
  • The funds raised will support exploration programs and advance key projects.
  • This equity raising follows an earlier announcement regarding Shortfall Securities.
  • The total equity raised, including previous offers, amounts to $2,418,123.
  • The shares were issued at $0.03 per share.
  • The announcement was approved by the Board of Directors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.