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VHM Limited (ASX:VHM)

ALERT: Price-sensitive ASX Announcement for VHM
Current share price for VHM : $0.250 -0.22 (-46.81%)+
Announcement
Release
24 Nov 2025 9:57AM
Price at Release
$0.470
Full Release
download
Summary
VHM Limited has successfully completed a fully-underwritten institutional placement to raise approximately A$10.3 million by issuing around 29.5 million new fully paid ordinary shares at A$0.35 per share. This placement saw participation from existing shareholders and new institutional investors, offered at a discount to recent trading prices. The funds will be utilized to support the company's Goschen Project through early engineering works, land acquisition, and operational costs aimed at reaching a Final Investment Decision in the first half of the calendar year 2026. Additionally, a Share Purchase Plan (SPP) to raise up to A$1.0 million is being offered to eligible shareholders in Australia and New Zealand, allowing them to purchase shares at the same placement price. The new shares from the placement are expected to be issued on 27 November 2025, with the shares resuming trading on the ASX on 24 November 2025.
Key Points
  • VHM Limited completed an institutional placement to raise A$10.3 million.
  • Approximately 29.5 million new shares were issued at A$0.35 each.
  • The placement price was at a discount to recent market prices.
  • Funds will support early engineering and land acquisition for the Goschen Project.
  • A Share Purchase Plan (SPP) will raise up to A$1.0 million.
  • The SPP is available for shareholders in Australia and New Zealand.
  • New shares will be issued on 27 November 2025.
  • Shares expected to resume trading on ASX from 24 November 2025.
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.