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Hawsons Iron Ltd (ASX:HIO)

ALERT: Price-sensitive ASX Announcement for HIO
Current share price for HIO : $0.013 -0.009 (-40.91%)+
Announcement
Release
16 Jul 2025 9:54AM
Price at Release
$0.022
Full Release
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Summary
Hawsons Iron Ltd announced the successful completion of its Share Purchase Plan (SPP) and a related placement to raise capital. The SPP received strong support from shareholders, resulting in applications above the targeted amount, and the Board exercised its discretion to accept oversubscriptions. The proceeds will be used to progress the Hawsons Iron Project, including pre-feasibility studies, permitting, and working capital. The announcement also outlines the timetable for the issuance of new shares, the allocation process, and the engagement with shareholders who participated. The company expresses gratitude for shareholder support and underscores its commitment to advancing the Hawsons Iron Project.
Key Points
  • Successful completion of Share Purchase Plan (SPP) with applications exceeding targets.
  • Board approved accepting oversubscriptions to accommodate shareholder demand.
  • Proceeds to support advancement of the Hawsons Iron Project, including pre-feasibility activities and working capital.
  • Clear timeline provided for the issue and allocation of new shares to participants.
  • Placement conducted alongside SPP to further strengthen the company’s financial position.
  • Company acknowledges and thanks shareholders for their ongoing support.
  • The announcement emphasizes continued focus on progressing key project development milestones.
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.