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Evolution Energy Minerals Limited (ASX:EV1)

ALERT: Price-sensitive ASX Announcement for EV1
Current share price for EV1 : $0.008 -0.01 (-55.56%)+
Announcement
Release
11 Feb 2026 8:23AM
Price at Release
$0.018
Full Release
download
Summary
Evolution Energy Minerals Limited has issued a Renounceable Entitlement Offer Prospectus to raise up to $4,032,830 by offering 268,855,338 new shares at $0.015 each, with an attaching option for every two new shares. The offer is underwritten by Mahe Capital to $1,500,000 and includes a Top Up Offer for shares not subscribed under the entitlement. The offer is designed to fund company projects and manage working capital. The proposal may impact shareholder voting power, and the company's share capital structure is expected to change significantly if the offer is fully subscribed. The offer closes on 5 March 2026, with results announced on 10 March 2026. The document includes details on the rights, potential dilution effects, and financial position changes of the company post-offer.
Key Points
  • Renounceable Entitlement Offer to raise $4,032,830.
  • 268,855,338 new shares offered at $0.015 each.
  • Offer includes one New Option for every two New Shares.
  • Underwritten by Mahe Capital to $1,500,000.
  • Top Up Offer available for additional shares.
  • Offer closes on 5 March 2026.
  • Significant change expected in share capital structure.
  • Funds to be used for project development and working capital.
  • Potential impact on voting power of substantial holders.
  • Results of the offer announced on 10 March 2026.
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.