Manhattan Corporation Secures AU$2.2 million in Placement to Advance Hook Lake Project

Manhattan Corporation Ltd (ASX: MHC) has successfully raised AU$2.2 million (before costs) through a placement to new and existing sophisticated and professional investors. The raise includes a cornerstone AU$1 million commitment from clients of Viaticus Capital and Astrotricha Capital, John Hancock’s family office, following Manhattan’s acquisition of the Hook Lake Project on 24 July 2025.

Funds will be allocated to advance exploration at Hook Lake, including field mapping, sampling, an aeromagnetic survey, data compilation, and ground geophysics. The placement involves issuing 111,474,724 shares at AU$0.02 per share, representing a 16.6% discount to the last traded price of AU$0.024 and close to the 15-day VWAP of AU$0.022. Shares will be issued under Listing Rules 7.1 and 7.1A and are expected to settle around 5 August 2025.

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