Talonx Resources Limited (ASX:TXR) has launched a Share Purchase Plan offering eligible shareholders the opportunity to subscribe for fully paid ordinary shares at an issue price of A$0.005 per share, targeting up to A$1,000,000 in gross proceeds, with the ability to accept oversubscriptions subject to compliance with applicable rules.

Key Points

  • Eligible shareholders in Australia and New Zealand may apply for between A$2,500 and A$30,000 worth of new shares at A$0.005 per share
  • The issue price represents a 0% discount to the last traded price and a 6% discount to the five-day volume weighted average market price of A$50,783 recorded on 9 November 2026
  • The SPP opens on 13 November 2026 and is expected to close at 4:00pm AWST on 11 December 2026, with new shares expected to be issued on 17 December 2026
  • Proceeds will be used to fund 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

Share Purchase Plan Terms and Eligibility

The SPP is offered on the same terms as the company's share placement to institutional and sophisticated investors announced on 30 October 2026. The offer is not underwritten. Shareholders are eligible to participate if they held shares as at 4:00pm AWST on 9 November 2026 and have a registered address in Australia or New Zealand. Shareholders residing outside Australia and New Zealand, or in the United States, are not eligible to participate. Each eligible shareholder may apply for parcels valued at A$2,500, A$5,000, A$10,000, A$15,000, A$20,000, A$25,000 or A$30,000, with a maximum of A$30,000 per shareholder regardless of the number of shares held or application forms received.

Use of Proceeds from the SPP

According to the filing, proceeds from the SPP will be directed toward a significant ramp-up of copper and base-metals exploration at the Kihabe Project located in Botswana and further drilling at the Viking Gold Project in Western Australia. Funds will also be applied to general working capital requirements and the costs associated with the placement and the SPP itself. The company stated that further details on the proposed use of funds are contained in its company disclosure dated 30 October 2026. The company is targeting to raise up to A$1,000,000 before costs via the SPP, with oversubscriptions permitted subject to compliance with the ASX Listing Rules and the Corporations Act 2001.

Key Dates and Application Process

The SPP opened on 13 November 2026 and is expected to close at 4:00pm AWST on 11 December 2026. New shares are expected to be issued on 17 December 2026, with an application for quotation of new shares on the same date and commencement of trading expected on 18 December 2026. The company noted all dates are indicative and may be varied at the company's absolute discretion by lodging a revised timetable with the ASX. The offer is made in accordance with the Australian Securities and Investments Commission Corporations (Share and Interest Purchase Plans) Instrument 2019/547 and does not require a prospectus under Chapter 6D of the Corporations Act.