Peregrine Gold Ltd (ASX:PGD) Secures Larger Commitment from Major Shareholder
Additional Entitlement Offer Details
Peregrine Gold Ltd (ASX: PGD) has announced a firm commitment from its largest shareholder, Yandal Investments Pty Ltd. This revised commitment will see Yandal participate in the company’s non-renounceable entitlement offer, intending to raise around $2,545,440.
Investment Breakdown
Yandal, an entity controlled by prominent prospector Mark Creasy, has agreed to take up to $1,000,000 in the offer. This includes participation in up to $708,667 of any arising shortfall, in addition to its entitlement of $291,333.
Indicative Timetable Reminder
Peregrine Gold also reminded shareholders of the indicative timetable for the entitlement offer, with the closing date set for Tuesday, 28 January 2025. The results of the offer will be announced on Monday, 3 February 2025, and shares will be quoted on Tuesday, 4 February 2025.
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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