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Pure Resources Limited (ASX:PR1)

ALERT: Price-sensitive ASX Announcement for PR1
Current share price for PR1 : $0.455 0.275 (152.78%)+
Announcement
Release
15 Dec 2025 9:40AM
Price at Release
$0.180
Full Release
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Summary
Pure Resources Limited announced the successful completion of a placement raising $1.7 million through the issuance of 11,333,333 fully paid ordinary shares at $0.15 per share. Each share comes with one free attaching listed option for every three shares issued, resulting in 3,777,778 options exercisable at $0.25 and expiring on 12 December 2028. The funds will primarily advance Pure Resources' Garnet Hills Garnet and Graphite Project in Western Australia, along with other exploration projects. Additionally, a priority offer and shortfall options issue was completed, providing 36,751,289 options to previous holders of expired options. The company also issued 500,000 shares to a former director, Dr. James Warren.
Key Points
  • Raised $1.7 million through share placement.
  • Issued 11,333,333 shares at $0.15 each.
  • Included 3,777,778 options exercisable at $0.25.
  • Funds to advance Garnet Hills Project.
  • Completed priority and shortfall options issue.
  • Issued shares to former director, Dr. James Warren.
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.