Single-Tranche Private Placement Offer utilising the company’s existing capacity under Listing Rule 7.1 and Listing Rule 7.1A to raise up to $1.0m (~71.4 million shares) at $0.014.
Offer Price: $0.014
Lead Manager: GBA Capital
Perpetual Resources Limited (ASX:PEC)
PEC1
Lead Manager
Offer Price
A$0.0140
per share
Offer Size
A$1,000,000
Key Offer Details
Issue Price (Per Share)
A$0.0140
Discount
-7.69%
Offer Size
A$1,000,000
Shares Available
71,400,000
Use of Funds
The funds raised will be focused towards:
- Exploration on the Company’s Brazilian Projects
- Drilling expenditure
- General Working Capital Purposes
Company Overview
Perpetual Resources Limited (Perpetual) is pursuing exploration and development of critical minerals essential to the fulfillment of global new energy requirements. Perpetual is active in exploring for lithium, rare earth elements (REE) and other critical minerals in the Minas Gerais region of Brazil.
Documents & Downloads
Indicative Timetable
The above dates are indicative only and are subject to change without notice. The Company and GBA Capital reserve the right to extend the Closing Date of the offer or close the capital raise early without notice. All times are in AEDT (Sydney, Australia) unless stated otherwise.
PEC placed in Trading Halt
Thursday November 28 2024
Placement Offer Opens
Thursday November 28 2024
Placement Offer Closes
5pm AEST Friday November 29 2024
Offer letters accepted
Friday November 29 2024
PEC Recommences Trading
Monday December 02 2024
DvP Settlement of Shares
Monday December 09 2024
Allotment of Shares
Tuesday December 10 2024
Board & Management
Mr Babarczy is a finance industry professional, having worked at Regal Funds Management for the past 12 years, currently as a Portfolio Manager for the Regal Emerging Companies strategy. Mr Babarczy has extensive experience investing across all areas of the financial markets, with a particular focus on natural resource investments.
Mr Benussi is a senior resource executive with extensive experience in finance, corporate advisory and business development. Mr Benussi has held directorships and senior roles in listed resource companies, including Executive Director of Perpetual Resources from June 2018 to current, Chairman of Tawana Resources from Dec 2015 to Dec 2018, Founding shareholder and director of Bligh Resources from July 2011 to Oct 2015 - recently bought by SAR, and Company Secretary, CFO & CEO of listed Jupiter Mines from July 2006 to June 2011.
Mr Grosvenor is an experienced Senior Manager with over 25 years’ experience in the Mining and Power industry. Holding a dual tertiary qualification in Engineering and a Master in Business, Mr Grosvenor is currently the Director of Development of Primero Group, focused on the development of projects from an initial concept through to contract delivery and operation.
Mr Katris joined Perpetual in December 2021, bringing over 15 years of experience in the resources sector with him. Together with his extensive experience in financial management with a number of ASX listed companies active in a range of commodities, precious metals, base metals and the industrial mining sector, Mr Katris has also held Directorships and Company Secretarial positions in listed and unlisted entities. He has worked with companies based in Australia, Canada, Europe and Africa.
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 Perpetual 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.
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