Auric Mining Limited (ASX:AWJ) has lodged an Appendix 3B disclosing a proposed securities purchase plan (SPP) offering up to 16,216,216 ordinary fully paid shares at AUD $0.185 per share, alongside a separate placement of up to 91,891,892 ordinary fully paid shares, with the SPP subject to a waiver from the Australian Securities Exchange.

Key Points

  • SPP offers up to 16,216,216 ordinary fully paid shares at AUD $0.185 per share, with a record date of 11 November 2026
  • A concurrent placement proposes to issue up to 91,891,892 ordinary fully paid shares, with a proposed issue date of 18 November 2026
  • The SPP issue price is subject to an ASX waiver, as the discount limitation requirements of ASX Listing Rule 7.2 (Exception 5) and Listing Rule 10.12 (Exception 4) are not strictly met
  • Individual shareholder participation is capped at a maximum of $30,000 and a minimum of $2,000, with seven parcel options available from $2,000 to $30,000
  • Peloton Capital Pty Ltd has been appointed to provide shareholder engagement services, with a success fee of up to 4% on paid applications from shareholders in the engagement campaign

Securities Purchase Plan Terms and Timetable

According to the filing, the SPP was announced on 12 November 2026 with a record date of 11 November 2026. Offer documents are scheduled to be made available to investors on 19 November 2026, with the offer opening on the same date. The offer closing date is 15 December 2026, and the issue date is 21 December 2026. The new shares proposed to be issued under the SPP will rank equally in all respects from their issue date with existing issued securities in the same class. Seven parcel options are available: $30,000, $25,000, $20,000, $15,000, $10,000, $5,000, and $2,000.

ASX Waiver Condition for SPP Issue Price

The filing states that the SPP at an issue price of AUD $0.185 per share is conditional on the granting of a waiver by the Australian Securities Exchange. The company disclosed that the issue price discount limitation requirements of the SPP exception under ASX Listing Rule 7.2 (Exception 5) and ASX Listing Rule 10.12 (Exception 4) are not strictly met. The company is seeking an ASX waiver to allow shares to be issued under the SPP at AUD $0.185 per share, which the filing notes is on the same terms as the placement. The date for determination of this condition is 18 November 2026, and as of the filing date, approval had not yet been received.

Placement Details and Oversubscription Arrangements

Separate from the SPP, the filing discloses a placement of up to 91,891,892 ordinary fully paid shares with a proposed issue date of 18 November 2026. In the event the SPP is oversubscribed, the filing states that directors may, at their absolute discretion, increase the amount raised under the plan in accordance with ASX Listing Rule parameters, or alternatively scale back all applications on an equitable basis, with scale-back decisions being final. The offer is not conditional on a minimum subscription. The company has not disclosed an underwriter for the proposed offer.