TalonX Resources Limited (ASX:TXR) has filed an Appendix 3B disclosing a securities purchase plan to raise a maximum of A$1,000,000 (before costs) through the issue of up to 200,000,000 fully paid ordinary shares at A$0.005 per share, with proceeds earmarked for copper and base-metals exploration at its Kihabe Project in Botswana and further drilling at the Viking Gold Project in Western Australia.

Key Points

  • Maximum of 200,000,000 ordinary fully paid shares to be issued at A$0.005 per share under the securities purchase plan
  • Maximum amount to be raised is A$1,000,000 (before costs), with no minimum subscription condition
  • Individual security holders may participate with amounts between A$2,500 and A$30,000, across parcels of A$2,500, A$5,000, A$10,000, A$15,000, A$20,000, A$25,000, and A$30,000
  • Record date was 9 November 2026, with the offer open from 13 November 2026 and closing 11 December 2026
  • Issue date is scheduled for 17 December 2026, with new securities to rank equally with existing ordinary shares from that date

Securities Purchase Plan Terms and Timetable

According to the filing, the securities purchase plan was announced on 10 November 2026, with a record date of 9 November 2026. Offer documents are to be made available to investors on 13 November 2026, the same date the offer opens. The offer is scheduled to close on 11 December 2026, with the issue date and last day for the company to announce the results of the offer set for 17 December 2026. The filing states no external approvals are required before the offer can proceed on an unconditional basis. The offer is not underwritten and there is no lead manager or broker.

Subscription Conditions and Scale Back Arrangements

The filing discloses that the offer carries a maximum subscription condition, capping the total amount raised at A$1,000,000 before costs. Individual holders must accept for a minimum of A$2,500 and are limited to a maximum of A$30,000. Eligible participants must hold a registered address in Australia or New Zealand as at the record date. The company disclosed it may apply a scale back at its absolute discretion if the offer is oversubscribed, taking into account factors including the size of a shareholder's holding at the record date, whether they hold multiple registered holdings, and the date on which an application was made.

Use of Proceeds: Kihabe Project and Viking Gold Project

The filing states that cash raised under the securities purchase plan is intended to fund a significant ramp-up of copper and base-metals exploration at the Kihabe Project in Botswana, further drilling at the Viking Gold Project in Western Australia, and general working capital requirements. The company disclosed that no material fees or costs other than those described will be incurred in connection with the offer, and that its dividend or distribution policy will not be changed if the offer is successful. No other further information was provided by the entity about the proposed offer.