VHM Completes AU$10.3 Million Institutional Placement to Advance Goschen Project
VHM Limited (ASX: VHM) has successfully completed a fully underwritten institutional placement raising approximately AU$10.3 million at AU$0.35 per share. The placement, which issued 29.5 million new shares, attracted strong demand from both existing and new institutional investors. Funds will be directed toward early engineering, long-lead procurement, land acquisition, and operating costs required to finalise offtake and financing arrangements for the Goschen Project ahead of a Final Investment Decision in 1H CY26.
The placement was completed at a 25.5% discount to the last closing price and a 27.6% discount to the five-day VWAP. Shares will be allotted on 27 November 2025.
VHM also announced a Share Purchase Plan to raise up to AU$1.0 million, allowing eligible shareholders to acquire up to AU$30,000 of shares at the same placement price. The Board said the strong support reinforces confidence in Goschen’s development pathway.
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.au.au
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
VHM Completes AU$10.3 Million Institutional Placement to Advance Goschen Project
VHM Limited (ASX: VHM) has successfully completed a fully underwritten institutional placement raising approximately AU$10.3 million at AU$0.35 per share. The placement, which issued 29.5 million new shares, attracted strong demand from both existing and new institutional investors. Funds will be directed toward early engineering, long-lead procurement, land acquisition, and operating costs required to finalise offtake and financing arrangements for the Goschen Project ahead of a Final Investment Decision in 1H CY26.
The placement was completed at a 25.5% discount to the last closing price and a 27.6% discount to the five-day VWAP. Shares will be allotted on 27 November 2025.
VHM also announced a Share Purchase Plan to raise up to AU$1.0 million, allowing eligible shareholders to acquire up to AU$30,000 of shares at the same placement price. The Board said the strong support reinforces confidence in Goschen’s development pathway.
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.au.au