GTI Energy

Entitlement Issue Prospectus

GTI Energy Ltd (GTI or Company) is pleased to share its Entitlement Offer Prospectus.

This Prospectus contains the following offers:

(a) a pro-rata non-renounceable entitlement issue of one (1) New Share for every five (5) existing Shares held by those Shareholders registered at the Record Date at an issue price of $0.0045 per New Share to raise up to $2,294,952.38 (before costs), together with one (1) free attaching listed New Option for every three (3) New Shares subscribed for and issued (Entitlement Issue Offer);

(b) an offer of 166,666,667 New Options to eligible sophisticated and institutional investors who participated in the Placement announced on 19 June 2024 (Placement), representing one (1) free attaching New Option for every three (3) Shares placed under the Placement (Placement Options Offer) with the issue of the Placement Options remaining subject to shareholder approval;

(c) an offer of one (1) New Option for every four (4) listed GTRO Options owned on the record date at an issue price of $0.0005 per New Option to raise up to $57,798.39 (Priority Option Offer), with the issue of New Options under the Priority Option Issue subject to shareholder approval;

(d) one (1) New Option for every three (3) Shares placed in the Placement and Entitlement Issue Offer to the Lead Manager (and or its nominee/s) issued at $0.000001 per New Option (Broker Offer), with the issue of the New Options under the Broker Offer subject to shareholder approval; and

(e) 40,000,000 New Options to the Lead Manager (and or their nominee/s) issued at $0.000001 per New Option (Lead Manager Offer), with the issue of the New Options under the Lead Manager Offer subject to shareholder approval.

The Entitlement Issue Offer and the Priority Option Offer are partially underwritten to $1,600,000 by CPS Capital Group Pty Ltd (ABN 73 088 055 636) (AFSL: 294848). Refer to Section 5.4 for details regarding the terms of the Underwriting Agreement.


Click here for the full ASX Release

This article includes content from GTI Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
GTR:AU
American Uranium

American Uranium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
American Uranium (ASX:AMU)

American Uranium

Disrupting the uranium supply chain through highly prospective ISR projects in Wyoming

Disrupting the uranium supply chain through highly prospective ISR projects in Wyoming Keep Reading...
Snow Lake Completes Due Diligence and Confirms Placement

Snow Lake Completes Due Diligence and Confirms Placement

GTI Energy (GTR:AU) has announced Snow Lake Completes Due Diligence and Confirms PlacementDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

GTI Energy (GTR:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Lo Herma Drilling Permit & Contract Confirmed

Lo Herma Drilling Permit & Contract Confirmed

GTI Energy (GTR:AU) has announced Lo Herma Drilling Permit & Contract ConfirmedDownload the PDF here. Keep Reading...
Company Update - Name Change to 'American Uranium Limited'

Company Update - Name Change to 'American Uranium Limited'

GTI Energy (GTR:AU) has announced Company Update - Name Change to 'American Uranium Limited'Download the PDF here. Keep Reading...
Placement Shares Issued & Drilling Approval Expected August

Placement Shares Issued & Drilling Approval Expected August

GTI Energy (GTR:AU) has announced Placement Shares Issued & Drilling Approval Expected AugustDownload the PDF here. Keep Reading...
Orange pushpin on a map of Niger, showing neighboring countries.

Niger’s Seized Uranium Remains in Geopolitical Limbo

A stockpile of 1,000 metric tons of uranium seized from a French-operated mine in Niger is now sitting at a military airbase in Niamey that was recently attacked by Islamic State militants, raising fresh concerns over security and the material’s uncertain future.The uranium, which is processed... Keep Reading...
Spacecraft orbiting Earth with solar panels extended against a starry background.

Deep Space Energy Secures US$1.1 Million to Advance Lunar Power and Satellite Resilience Goals

Latvian startup Deep Space Energy announced it has raised approximately US$1.1 million in a combination of private investment and public funding to advance a radioisotope-based power generator designed to operate on the Moon.The company closed a US$416,500 pre-seed round led by Outlast Fund and... Keep Reading...
uranium periodic table with magnifying glass.

Ranger Uranium Mine Rehabilitation Gets Green Light from Australia

Minister for Resources and Northern Australia Madeleine King has issued a new rehabilitation authority to Energy Resources Australia (ASX:ERA) for the continuation of rehabilitation activities at the Ranger uranium mine in the Northern Territory.“This new authority means that Energy Resources... Keep Reading...
Nuclear reactors.

Uranium Bull Market Isn’t Over, but Volatility Lies Ahead

Uranium’s resurgence has been one of the resource sector's most durable stories of the past five years, but as prices hover near multi-year highs, investors are increasingly asking the same question: How late is it?At the Vancouver Resource Investment Conference (VRIC), panelists Rick Rule, Lobo... Keep Reading...
American Uranium

American Uranium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Interactive Chart

Latest Press Releases

Related News