Successful Share Purchase Plan raises $3.26M
Released
Released
Announcement PDF
ASX Announcement
20 October 2023
Successful Share Purchase Plan raises $3.26M
Alligator Energy (ASX: AGE, ‘Alligator’ or ‘the Company’) is pleased to announce that it has raised
$3,260,000 (before costs) pursuant to the Company’s Share Purchase Plan (SPP) that closed on 17
October 2023. Applications under the SPP exceeded the target of $3,000,000 and the Company has
decided to accept oversubscriptions of $260,000.
The Company will issue 62,692,145 shares at an issue price of $0.052 per share as per the SPP
timetable on 23 October 2023.
The funds raised under the SPP are planned to be used for
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Samphire - Feasibility study and mining lease application;
Samphire - Ongoing resource drilling and geophysics program;
Exploration on targets Nabarlek North (ARUP) and follow up drilling at Big Lake;
Business development opportunities; and
Corporate costs and general working capital.
The Company will also offer SPP participants one option exercisable at $0.078 for every two shares
subscribed under the SPP. This offer will also be subject to shareholder approval at the AGM to be held
on 24th November.
This announcement was authorised for release by the CEO and Managing Director.
Contacts
For more information, please contact:
Mr Greg Hall
Mr Mike Meintjes
CEO & Managing Director
Company Secretary
gh@alligatorenergy.com.au
mm@alligatorenergy.com.au
For media enquiries, please contact:
Alex Cowie
Media & Investor Relations
alexc@nwrcommunications.com.au
ASX: AGE
ABN 79 140 575 604 | Suite 2, 128 Bowen St, Spring Hill, QLD 4000 | +61 (0) 7 3839 3904
info@alligatorenergy.com.au | www.alligatorenergy.com.au | Page 1 of 2
Forward Looking Statement
This announcement contains projections and forward-looking information that involve various risks and uncertainties regarding
future events. Such forward-looking information can include without limitation statements based on current expectations
involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and
uncertainties could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the
forward-looking information. Actual results and future events could differ materially from anticipated in such information. These
and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the
dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update
forward-looking information should circumstances or management’s estimates or opinions change
About Alligator Energy
Alligator Energy Ltd is an Australian, ASX-listed, exploration company focused on uranium and energy related minerals,
principally cobalt-nickel. Alligator’s Directors have significant experience in the exploration, development and operations of both
uranium and nickel projects (both laterites and sulphides).
Projects
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