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Santana Minerals Limited (ASX:SMI)

ALERT: Price-sensitive ASX Announcement for SMI
Current share price for SMI : $0.465 -0.52 (-52.79%)+
Announcement
Release
17 Feb 2026 11:13AM
Price at Release
$0.985
Full Release
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Summary
Santana Minerals Limited announced it has secured commitments to raise A$130 million through a placement of approximately 144.4 million new shares at A$0.90 each. This capital will primarily support the development of the Bendigo Ophir Gold Project, facilitating project development, early infrastructure, and further exploration. The company also plans a Share Purchase Plan (SPP) to allow eligible shareholders to purchase additional shares, up to A$24,948, at the same price as the placement. The placement and SPP shares will rank equally with existing shares, and the initiative requires shareholder approval. Canaccord Genuity and Bell Potter Securities acted as Joint Lead Managers for the placement.
Key Points
  • Santana Minerals Limited received commitments to raise A$130 million through a placement.
  • The placement includes issuing approximately 144.4 million new shares at A$0.90 each.
  • The placement aims to fund the Bendigo Ophir Gold Project development.
  • Funds will be used for project development, early infrastructure, and exploration.
  • A Share Purchase Plan (SPP) will allow shares purchase up to A$24,948 for eligible shareholders.
  • The SPP will issue shares at the same price as the placement.
  • Canaccord Genuity and Bell Potter Securities acted as Joint Lead Managers for the placement.
  • Shareholder approval is required for parts of the placement and SPP.
  • Placement and SPP shares will rank equally with existing shares.
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.