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Great Dirt Resources Limited (ASX:GR8)

ALERT: Price-sensitive ASX Announcement for GR8
Current share price for GR8 : $0.600 0.365 (155.32%)+
Announcement
Release
11 Feb 2026 9:41AM
Price at Release
$0.235
Full Release
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Summary
Great Dirt Resources Limited (ASX:GR8) has announced it has secured firm commitments for a $1.446 million placement to sophisticated and high-net-worth investors at an issue price of $0.155 per share, representing a 24% discount to the 15-day VWAP. The funds will be utilized for existing projects, working capital, and new exploration opportunities. The placement, managed by Westar Capital Limited, involves issuing 9,333,333 new shares without requiring shareholder approval, under its ASX listing rules capacity. Two experienced resource executives, Steve Parsons and Michael Naylor, have been appointed as consultants to bolster growth strategies. They also participated in the placement, subscribing to a significant number of shares. The company plans to issue performance rights to them, pending shareholder approval, conditioned on share performance targets. The announcement effectively ends the recent trading halt.
Key Points
  • $1.446 million in firm commitments received for the placement.
  • The placement was made at a 24% discount to the 15-day VWAP.
  • Funds will be used for existing projects, working capital, and new opportunities.
  • 9,333,333 new shares issued at $0.155 each, managed by Westar Capital.
  • Steve Parsons and Michael Naylor appointed as consultants.
  • Performance rights to be issued, pending shareholder approval.
  • The placement does not require shareholder approval under ASX rules.
  • Ends trading halt requested on 9 February 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.