Offer Price

A$0.120

per share

Minimum Subscription

A$200,000,000

Maximum Subscription

A$220,000,000

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Public Offer

Minerals 260 Limited (ASX:MI6)

MIN1

Lead Manager

Offer Price

A$0.120

per share

Minimum Subscription

A$200,000,000

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Public Offer

Offer Details

Issue Price (Per Share)

A$0.120

Minimum Subscription (before costs)

Offer Size

A$200,000,000

Shares Available

1,666,666,667

Maximum Subscription (before costs)

Offer Size

A$220,000,000

Shares Available

1,833,333,334

The Company is seeking to raise a minimum of A$200,000,000 (before costs) (Minimum Subscription) and a maximum of A$220,000,000 (before costs) (Maximum Subscription) through an offer of a minimum of 1,666,666,667 Shares and a maximum of 1,833,333,333 Shares at an issue price of A$0.12 (Offer Price) per Share (Public Offer). As part of the Public Offer, the Company is making a priority offer to existing eligible shareholders1 at the Offer Price (Priority Offer).

New Shares issued under the Public Offer will rank equally in all respects with Minerals 260’s existing ordinary shares.

Offer Price of A$0.12 per New Share, which, as at the last closing price of 31 December 2024, represents a:

7.7% discount to the last close price of A$0.130 per Share
5.3% discount to the 10-day VWAP from last close of A$0.127 per Share

Use of Funds

Cash Consideration (Proposed Transaction)

$156.40

74.8%

$156.40

68.2%

Exploration activities at the Project and studies

$21.00

10%

$33.50

14.6%

Exploration activities at the Existing Projects

$1.50

0.7%

$1.50

0.7%

Costs of the Proposed Transaction

$3.00

1.4%

$3.00

1.3%

Stamp duty costs of the Proposed Transaction

$8.60

4.1%

$8.60

3.8%

Costs of the Public Offer

$8.90

4.3%

$9.70

4.2%

Working Capital and General Corporate Purposes

$9.80

4.7%

$16.50

7.1%

Cash Consideration (Proposed Transaction)

(Min Subscription)

(Max Subscription)

$156.40

74.8%

68.2%

Exploration activities at the Project and studies

(Min Subscription)

(Max Subscription)

$21.00

$33.50

10%

14.6%

Exploration activities at the Existing Projects

(Min Subscription)

(Max Subscription)

$1.50

0.7%

Costs of the Proposed Transaction

(Min Subscription)

(Max Subscription)

$3.00

1.4%

1.3%

Stamp duty costs of the Proposed Transaction

(Min Subscription)

(Max Subscription)

$8.60

4.1%

3.8%

Costs of the Public Offer

(Min Subscription)

(Max Subscription)

$8.90

$9.70

4.3%

4.2%

Working Capital and General Corporate Purposes

(Min Subscription)

(Max Subscription)

$9.80

$16.50

4.7%

7.1%

Indicative Timetable

Lodgement of Prospectus with ASIC and Exposure Period Commences

28 February 2025

Priority Offer Record Date

28 February 2025

Opening Date of the Public Offer

10 March 2025

Priority Offer Closing Date

24 March 2025

General Meeting

27 March 2025

Closing Date of the Public Offer (other than the Priority Offer)

29 March 2025

Issue of Securities Under the Public Offer

7 April 2025

Despatch of Holding Statements

7 April 2025

Completion of the Proposed Transaction

7 April 2025

Expected Date of Reinstatement to the ASX

16 April 2025

Downloads

Minerals 260 Prospectus

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 Minerals 260 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 Minerals 260 Limited.