Highlights

  • Piche Resources raises AUD 2m through a single-tranche placement at a premium.
  • Placement priced at AUD 0.17 per share, above prior AUD 0.155 closing value.
  • Funds allocated to exploration activities and general working capital requirements.

Piche Resources Limited (ASX:PR2) has finalised an AUD 2 million equity placement supported by both Australian and offshore institutional investors. The capital raise was structured as a single tranche and involved the issue of approximately 11.76 million new fully paid ordinary shares.

These shares were issued at AUD 0.17 per share, which reflects a 9.7% premium to the company’s last closing price of AUD 0.155 recorded on 29 October 2025. The company noted that the placement attracted participation from new institutional investors as well as existing shareholders.

Equity and Option Allocation Details

Under the terms of the placement, investors will receive one free attaching PR2O option for every new share allotted. These options are exercisable at AUD 0.25 on or before 2 May 2027.

The issuance will be completed using the company’s existing capacity under the Listing Rules, divided as follows:

  • 11,764,705 placement shares issued under Listing Rule 7.1A
  • 11,764,705 attaching options issued under Listing Rule 7.1

H&P Advisory Pty Ltd acted as the Lead Manager to the transaction. The firm will receive 6% of the gross funds raised, along with payment linked to the proceeds generated from any exercised options. Additional information on fees is outlined in the accompanying Appendix 3B submitted by the company.

Use of Raised Funds and Completion Framework

The company stated that the capital raised through this placement will be directed toward exploration activities across its Argentine project portfolio, alongside allocations for general working capital and offer-related costs.

Share Performance of PR2

PR2’s shares were trading 6.451% higher at AUD 0.165 per share at the time of writing 07 November 2025.