Impact Minerals Limited (ASX:IPT) is excited to announce that it has secured firm commitments from sophisticated investors for a significantly oversubscribed strategic placement. The placement will raise AUD 4,000,000 (USD 2,560,000) (before costs) through the issuance of 615,384,616 fully paid ordinary shares (Placement Shares) at an issue price of AUD 0.0065 per share.
Impact Minerals
Subject to shareholder approval, each Placement Share will come with one free-attaching IPTOC Quoted Option, which will have an exercise price of USD 0.015 per option and an expiry date of 28 September 2027 (Placement Options).
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The placement received strong support from major shareholders, highlighting their endorsement of the Company's future strategic plans. The proposed use of funds of the placement funds is as follows –
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GBA Capital Pty Ltd has been appointed as the Lead Manager for the Placement (Broker) and will be granted 40,000,000 IPTOC Quoted Options, each exercisable at USD 0.015, with an expiration date of 28 September 2027 (Broker Options). Additionally, the Lead Manager will receive a Capital Raising fee of 6 per cent of the proceeds from the Offer, excluding funds raised directly by IPT from existing holders, for which a 1 per cent Capital Raising fee will be charged on the carved-out proceeds. The Broker has also been retained for advisory services for 4 months at a monthly fee of USD 4,000 (excluding GST).
The Placement Shares will be issued under the Company’s available placement capacity as per ASX Listing Rules 7.1 (207,829,023 Shares) and 7.1A (407,555,593 Shares). The Placement Options and Broker Options will be issued subject to shareholder approval at the next shareholder meeting. The issue price of the Placement Shares reflects a 22 per cent discount to the volume-weighted average price over the 15 days prior to 19 September 2025, which is USD 0.00837. All Placement Shares, along with Shares issued upon the exercise of the Placement Options and Broker Options, will rank equally with the Company’s existing Shares on issue.
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