EQ Resources Limited

EQ Resources Limited (ASX:EQR)

Offer Price

A$0.0450

per share

Offer Size

A$8,000,000

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EQ Resources Limited

Placement

EQ Resources Limited (ASX:EQR)

EQR

Lead Manager

Offer Price

A$0.0450

per share

Offer Size

A$8,000,000

Placement

EQ Resources Limited

Key Offer Details

Issue Price (Per Share)

A$0.0450

Discount

-7.14%

Offer Size

A$8,000,000

Shares Available

177,777,778

Capital Raising to raise up to $8m (the Offer); comprising:

  • Placement to raise a minimum $6m and up to$8m under the Company’s LR 7.1 and 7.1A placement capacity;
  • Each investor will also be allocated an attaching unlisted option on a 1-for-3 basis, at a strike price
  • of $0.0675 (50% premium to the placement price), expiring May 2027 (Attaching Options);
  • Funds managed by Oaktree Capital Management, L.P. (Oaktree) will be participating in the Offer up to $1.1m (assuming $8m raise) to maintain its current equity interest (13.84%) in EQ Resources; and
  • The Company reserves the right to take oversubscriptions.

Joint Lead Managers: PAC Partners Securities Pty Ltd & STK Markets Pty Ltd.

Co-Manager: GBA Capital Pty Ltd

Use of Funds

Capital Projects primarily related to waste stripping, plant expansion and optimisation works at Mt Carbine ahead of a planned higher quality ore delivery in early 2025; and

Working capital to strengthen the balance sheet.

Any amounts taken as oversubscriptions will be applied against further strengthening of working capital.

Company Overview

EQ Resources Limited (EQR.ASX, or the Company) is an ASX-listed company focused on expanding its tungsten assets at Mt Carbine in North Queensland (Australia), Barruecopardo in Salamanca (Spain), and currently completing the acquisition of a ferrotungsten facility in Vietnam. With advanced processing technology and vertically integrated operations, the Company is positioned as a globally leading supplier of tungsten, a critical mineral essential to industrial and strategic applications.

Indicative Timetable

Timetable is subject to change. Book may close early

Trading Halt

Monday, 9 December

Bids Due (Book may close early)

11am Tuesday, 10 December

Commitment letters Due

5pm Tuesday, 10 December

EQR recommences trading

Wednesday, 11 December

DVP Settlement

Wednesday, 18 December

Allotment of Shares & Options

Thursday, 19 December

Disclaimer

This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of EQ Resources Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.

Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in EQ Resources Limited.

EQ Resources Limited

Placement

EQ Resources Limited (ASX:EQR)

EQR

Offer Price

A$0.0450

per share

Offer Size

A$8,000,000

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