Hot Chili Limited Launches AU$14 Million Entitlement Offer to Drive Copper-Gold Growth

Hot Chili Limited (ASX: HCH) has announced a non-renounceable entitlement offer to raise approximately AU$14 million before costs, issuing 2 new shares for every 13 held at AU$0.60 each. The capital raise aims to advance key initiatives, including the completion of its asset-level strategic partnering process, phase-two diamond drilling at the La Verde copper-gold discovery in Chile, and general working capital. If fully subscribed, the offer will increase the company’s total shares from 153.7 million to 177.4 million and bolster its cash position significantly. The new funds are expected to accelerate La Verde’s maiden resource estimate and strengthen the Costa Fuego copper-gold hub’s development pipeline. Eligible shareholders may also participate in a shortfall facility to acquire additional shares. This strategic step supports Hot Chili’s ambition to expand its resource base and progress toward becoming a leading copper-gold producer in Latin America.

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