Market Alert: Trump Revives Trade War Playbook with Tariff Threats
S2 Resources Ltd (ASX: S2R) successfully closed its Share Purchase Plan (SPP) oversubscribed, raising more than the targeted AU$0.5 million. Due to strong demand, all valid applications were subject to a pro-rata scale-back, with a guaranteed minimum allocation of AU$1,000 in shares and options. The capital raised, alongside the AU$2.89 million from a recent institutional placement, will fund exploration at the Glenlogan, Warraweena, West Murchison, Jillewarra, and Fosterville projects. The SPP offered eligible shareholders shares at AU$0.072 with one free option per two shares, exercisable at AU$0.11 until July 2027. Executive Chairman Mark Bennett emphasized the significance of shareholder support and noted that the funds place the company in a strong financial position to advance multiple exploration targets. Allotment of 6.95 million shares and 3.47 million options is scheduled for 7 July 2025, with trading expected to begin on 8 July 2025
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Jul 17, 2025
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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.
