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POLYMETALS RESOURCES LTD — Capital/Financing Update 2025
Mar 13, 2025
65598_rns_2025-03-13_6b0d73be-d3a6-4c97-838a-8f998535f308.pdf
Capital/Financing Update
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ASX Announcement
ASX: POL
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14 March 2025
SHARE PURCHASE PLAN COMPLETION
Polymetals Resources Ltd (ASX: POL ) (“ Polymetals ”) advises that the Share Purchase Plan which opened on 18 February 2025 has been completed raising $423,500.
A total of 529,375 new fully paid ordinary Polymetals shares will be issued (“ Shares ”). The issue price for the shares is $0.80. This follows Polymetals $35 million institutional placement (“ Placement ”), the completion of which was announced on 10 February 2025. As previously announced, funds raised will be used to strengthen the balance sheet as Polymetals transitions to production at the Endeavor silver zinc mine and materially increase exploration activities.
The shares are expected to be issued on 17 March 2025 and commence trading on the ASX on 18 March 2025. Shares issued under the SPP will rank equally with Polymetals existing shares with effect from their date of issue.
Board and Management participation in the SPP was $295,000.
Shareholders who have any questions regarding the SPP and/or general investor enquiries please contact [email protected]
This announcement was authorised for release by Polymetals Resources Ltd Board.
For further information, please contact:
Linden Sproule Simon Condon Corporate Development Media & Public Relations Polymetals Resources Ltd [email protected] [email protected] +61 417 021 312
ABOUT POLYMETALS
Polymetals Resources Ltd (ASX: POL) is an Australian mining company on track to deliver first production and cashflow in H1 2025 at its 100% owned Endeavor Silver Zinc Mine, located in the Cobar Basin, New South Wales, Australia. Polymetals has the potential to be a +20-year producer of precious and base metals, initially within its five approved and permitted mining leases. Polymetals is active across its 1,100km[2] of exploration licenses covering 80km of the prolific polymetallic (copper, gold, silver and zinc) mineral province. For more information visit www.polymetals.com
Polymetals Resources Ltd | ACN 644 736 247 | Unit 1, 101 Main Street Alstonville NSW 2477 Australia