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Sultan Resources Limited (ASX:SLZ)

ALERT: Price-sensitive ASX Announcement for SLZ
Current share price for SLZ : $0.007 -0.006 (-46.15%)+
Announcement
Release
21 Oct 2025 4:38PM
Price at Release
$0.013
Full Release
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Summary
Sultan Resources Limited (ASX: SLZ) has announced an increase in the size of its placement, receiving an additional $100,000 from sophisticated investors, bringing the total funds to be raised to $1.1 million before costs. The placement will issue 122,222,222 shares and 61,111,111 options, with Tranche 1 already seeing the issuance of 73,380,679 shares at $0.009 each. Tranche 2, which includes 48,841,543 shares and all options, will require shareholder approval at the annual general meeting scheduled for 26 November 2025. Furthermore, an additional 5 million SLZO listed options will be allotted to the Lead Manager, subject to approval.
Key Points
  • Sultan Resources Ltd announced an increase in placement size.
  • An additional $100,000 was received from sophisticated investors.
  • Total proposed raise is now $1.1 million.
  • 122,222,222 Placement shares and 61,111,111 Placement options to be issued.
  • Tranche 1 issued 73,380,679 shares at $0.009 per share.
  • Tranche 2 subject to shareholder approval at upcoming AGM.
  • 5 million SLZO listed options will be issued to the Lead Manager.
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.