Market Alert: Strong Breakout Setup Emerging in ASX 200 Utilities Sector
Inca Minerals Limited (ASX: ICG) has secured AU$ 1.1 million in funding through an oversubscribed share placement at AU$ 0.0045 per share. The placement received strong support from both existing shareholders and new institutional investors, with Morgans Corporate Limited acting as the Lead Manager. A total of 246 million shares will be issued at AU$0.0045 per share, representing a 10% discount to the last sales price on 27 March 2025 and a 20.9% discount to the 15-day volume-weighted average price.
The funds will support a maiden drilling program at the high-grade Hurricane Project in north Queensland, which contains gold and gold/antimony mineralization. This financing follows Inca's off-market takeover of Stunalara Metals Limited, through which it acquired the Hurricane Project, with the offer set to close on 04 April 2025. CEO Trevor Benson stated that this funding will enable Inca to execute its planned drilling campaign this season and continue broader exploration efforts.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com
May 09, 2025
May 09, 2025
May 09, 2025
May 09, 2025
May 09, 2025
May 09, 2025
May 09, 2025
May 09, 2025
May 09, 2025
May 08, 2025
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
