Sarytogan Graphite Limited (ASX:SGA) has released an entitlement issue prospectus dated 9 November 2026, offering a pro-rata non-renounceable entitlement issue of one new share for every four shares held at an issue price of $0.058 per share, with the offer seeking to raise up to approximately $3,846,004.

Key Points

  • Pro-rata non-renounceable entitlement issue of one share for every four shares held at $0.058 per share
  • One free new option issued for every two shares applied for and issued under the offer
  • Offer seeks to raise up to approximately $3,846,004 based on shares on issue at the prospectus date
  • Offer is partially underwritten by GBA Capital Pty Ltd (ACN 643 039 123)
  • Securities offered under the prospectus are described as highly speculative

Entitlement Issue Structure and Pricing

According to the prospectus lodged with ASIC on 9 November 2026, Sarytogan Graphite is conducting a pro-rata non-renounceable entitlement issue. Eligible shareholders on the register at the record date will be entitled to subscribe for one new share for every four shares currently held, at an issue price of $0.058 per share. In addition to the new shares, shareholders will receive one free new option for every two shares applied for and issued under the offer. The prospectus states that no securities may be issued under it later than 13 months after the prospectus date.

Partial Underwriting by GBA Capital

The filing discloses that the offer is partially underwritten by GBA Capital Pty Ltd, which holds Australian Company Number 643 039 123. Further details regarding the underwriting arrangements are set out in Section 1.6 of the prospectus. The offer is not being extended to shareholders with a registered address outside Australia, New Zealand, Singapore, and Kazakhstan. The prospectus was prepared as a transaction-specific document in accordance with section 713 of the Corporations Act, applying to continuously quoted securities.

Offer Eligibility and Jurisdiction Restrictions

The prospectus states that applications for securities under the offer can only be made using an original Entitlement and Acceptance Form or a Shortfall Application Form. The company disclosed that it is not practicable to comply with the securities laws of overseas jurisdictions having regard to the number of overseas shareholders, the number and value of securities those shareholders would be offered, and the cost of complying with regulatory requirements in each relevant jurisdiction. Accordingly, the offer is restricted to shareholders with registered addresses in Australia, New Zealand, Singapore, and Kazakhstan.