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Western Yilgarn NL (ASX: WYX) has successfully completed its Entitlement Offer and Priority Option Offer, raising a total of AU$53,932.97 before costs. The Entitlement Offer allowed eligible shareholders to apply for one new option, exercisable at AU$0.10 and expiring on 6 May 2028, for every four shares held, at an issue price of AU$0.001. Simultaneously, the Priority Option Offer extended a one-for-one offer to WYXAF optionholders on the same terms.
Through the Entitlement Offer, shareholders subscribed for 20,798,996 new options, while optionholders subscribed for 33,133,771 new options under the Priority Option Offer. A combined total of 25,349,867 options remain unallocated and will form the shortfall, as the offers were not underwritten. The company will lodge an Appendix 2A for the quotation of new options and is planning a shareholder meeting in early June to approve the issue of options under the Priority Option Offer. Option issuance will commence on 7 May 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.
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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.
