Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Lithium Africa
Kalgoorlie Gold Mining
Juggernaut Exploration
Skyharbour Resources
LaFleur Minerals
Grande Portage Closes Non-Brokered Private Placement Pursuant to...
Brunswick Exploration Announces AGM Results
Harvest Gold Announces Annual General Meeting Results
Editor’s Picks: Trump to Lift Minnesota Mining Ban,...
Crypto Market Recap: Stablecoin Market Makes Headway, SharpLink...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Investing

Successful Completion of Public Shortfall Offer

by admin October 23, 2024
October 23, 2024
Successful Completion of Public Shortfall Offer

Prodigy Gold NL (ASX: PRX) (“Prodigy Gold” or the “Company”) is pleased to advise that it has received firm bids for the remaining shortfall (Shortfall Placement) from its recent Entitlement Offer to raise a further approximately $1,677,532 (before expenses) at the issue price of $0.002 per Share. This will bring the total capital raised under the Rights Issue to approximately $2,106,894 (before expenses).

This Shortfall Placement forms part of the non-renounceable pro rata entitlement offer, of one (1) new fully paid ordinary shares in Prodigy (Share) for every two (2) Shares held at an issue price of $0.002, together with two (2) unquoted Attaching Options for every three (3) New Shares issued, which was announced on 20 August 2024 (Entitlement Offer) and closed on 26 September 2024.

The Directors engaged Ignite Equity Pty Ltd as lead manager to place the shortfall of 838,765,902 Shares not subscribed for pursuant to the Entitlement Offer and Shareholder Shortfall Offer, together with two (2) unquoted Attaching Options for every three (3) New Shares placed for nil additional consideration (Public Shortfall Offer). The Attaching Options have an exercise price of $0.005 and are exercisable at any time prior to 5:00pm (Sydney time) on 30 November 2027.

Ignite Equity Pty Ltd (ACN 658 888 601), will be paid a 2% management fee plus a 4% capital raising fee on introduced funds. The Shares and Attaching Options will be issued once the funds have been received which is anticipated within approximately one week.

The Board wishes to thank all existing and new shareholders who have participated in the Entitlement Offer and the Shortfall Placements.

This announcement has been authorised for release by Prodigy Gold’s Board of Directors.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
S&P 500 Surges to 6,000: Election Year Momentum
next post
$500,000 Raised for Uranium Exploration at Munaballya Well Target

You may also like

US Operations Update

November 28, 2024

Antimony Exempt from US Tariff Policy

April 7, 2025

Strategy Update and Cost Restructure

January 28, 2025

Top 5 NASDAQ Genetics Stocks (Updated January 2025)

January 17, 2025

NVIDIA Rallies After Strong Q1, AI Demand Outshines...

May 31, 2025

Widespread Natural Rutile Observed Throughout the Central Rutile...

June 11, 2025

GTI Energy

December 13, 2024

PRISM MarketView Features Q&A with President and CEO...

December 20, 2024

Osisko Metals Announces Significant Increase in Mineral Resources...

November 15, 2024

Grande Portage Stakes Added Claims to Accommodate Potential...

May 8, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Lithium Africa

      June 14, 2025
    • Kalgoorlie Gold Mining

      June 14, 2025
    • Juggernaut Exploration

      June 14, 2025
    • Skyharbour Resources

      June 14, 2025
    • LaFleur Minerals

      June 14, 2025
    Promotion Image

    banner ads

    Categories

    • Business (720)
    • Economy (829)
    • Investing (2,201)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 smarttradeinsights.com | All Rights Reserved