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VHM Limited (ASX:VHM)

ALERT: Price-sensitive ASX Announcement for VHM
Current share price for VHM : $0.250 -0.085 (-25.37%)+
Announcement
Release
28 Nov 2025 8:55AM
Price at Release
$0.335
Full Release
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Summary
VHM Limited has announced a Share Purchase Plan (SPP) that is open to eligible shareholders in Australia and New Zealand, allowing them to purchase up to $30,000 worth of fully paid ordinary shares at $0.35 each, which matches the price of a recent institutional placement. This plan aims to raise approximately AUD 1 million and is part of a broader capital raising strategy, including a previous placement that raised AUD 10.3 million. The proceeds will fund the Goschen Project, covering early engineering, land acquisition, and operational costs. Participation in the SPP is optional and non-transferable, with the offer set to close on 12 December 2025. The shares issued will be quoted on the ASX and rank equally with existing shares.
Key Points
  • VHM Limited offers a non-underwritten SPP to raise up to AUD 1 million.
  • Eligible shareholders can buy up to $30,000 worth of shares at $0.35 each.
  • The SPP price is a 25.5% discount to the last closing price on 20 Nov 2025.
  • Proceeds are intended for the Goschen Project development and operational costs.
  • The SPP is part of a broader strategy following a AUD 10.3 million placement.
  • Shares under the SPP will rank equally with existing ASX-quoted shares.
  • Participation is optional and the offer closes on 12 December 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.