Peregrine Gold Limited (ASX:PGD) Issues Supplementary Prospectus
Supplementary Prospectus Overview
Peregrine Gold Limited (ACN 644 734 921) has released a supplementary prospectus intended to provide amendments and additional disclosures to its November 5, 2024, prospectus. This supplementary document, lodged with the Australian Securities and Investments Commission on January 23, 2025, should be read alongside the original prospectus.
Yandal’s Commitment and Shareholder Intention
The supplementary prospectus reveals a firm commitment from Yandal Investments Pty Ltd (ACN 070 684 810) to take up its full entitlement of 1,942,221 shares and 1,942,221 new options. Yandal intends to apply for an additional 4,724,445 shares and options under the shortfall offer, potentially raising a total of $708,667. Additionally, directors George Merhi and Anees Sabet have stated their intention to take up portions of their entitlements.
George Merhi plans to take up 1,666,666 shares and options, valued at $250,000, while Anees Sabet aims to acquire 333,333 shares and options, totalling $50,000.
Amendments to Shareholder Information
Substantial holder details have been revised in the supplementary prospectus. Yandal holds a relevant interest in 11.45% of the shares, with directors including Merhi and Sabet holding interests of 10.04% and 8.49% respectively. The company clarifies that if all entitlements are accepted, shareholder distributions will remain unchanged.
The supplementary document emphasizes that no shares will be issued to any party under the shortfall offer if it would increase their voting power beyond 19.99%. Decisions regarding the allocation of shortfall securities are final and made by the board.
Final Notes
The supplementary prospectus finalizes this information and confirms all named parties have consented to being included in the prospectus documents.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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