Evolution Energy Minerals Announces AU$1.45 million Capital Raising via Renounceable Rights Issue

Evolution Energy Minerals Limited (ASX: EV1) has announced a pro-rata renounceable rights issue seeking to raise up to about AU$1.45 million before expenses. Eligible shareholders, in Australia, New Zealand, Germany, Singapore, and Guernsey, can subscribe for two new shares at AU$0.01 each for every five shares held, with one free attaching option (exercisable at AU$0.02, expiring in three years) per new share. Rights are tradeable on the ASX, and participants can apply for additional shares under the Top Up Offer.

Funds will advance the Chilalo Graphite Project, explore the Chikundo Copper Prospect, settle creditor payments, and support working capital. The offer is lead-managed and partly underwritten by Mahe Capital Pty Ltd. Chair Paul Atherley and Executive Director Craig Moulton will fully take up their entitlements and sub-underwrite AU$80,000. Upon completion, Mr. Moulton will become Managing Director, with the expanded capital base totalling approximately 507.7 million shares and 77.25 million options.

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