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Pure Resources Limited (ASX:PR1)

ALERT: Price-sensitive ASX Announcement for PR1
Current share price for PR1 : $0.410 0.22 (115.79%)+
Announcement
Release
23 Dec 2025 1:36PM
Price at Release
$0.190
Full Release
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Summary
Pure Resources Limited has completed a placement of fully paid ordinary shares, which were announced on 15 December 2025. A total of 11,333,333 shares were issued at a price of $0.15 each, raising $1.7 million before costs. The placement was executed in a single tranche using the company's available capacity under ASX Listing Rules 7.1 and 7.1A. These shares rank equally with existing shares. Additionally, for every three shares placed, investors will receive one free attaching option, exercisable at $0.25 and expiring on 12 December 2028, pending shareholder approval in Q1 2026. The proceeds will primarily fund the company's Garnet Hills Garnet and Graphite Project in Western Australia and for working capital.
Key Points
  • Completion of placement raising $1.7 million
  • 11,333,333 shares issued at $0.15 each
  • Placement utilized ASX Listing Rules 7.1 and 7.1A
  • Shares rank equally with existing fully paid ordinary shares
  • Free attaching options for every three shares, exercisable at $0.25
  • Options expiring on 12 December 2028 subject to shareholder approval
  • Funds to advance Garnet Hills Garnet and Graphite Project
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.