Key Highlights

  • The entitlement offer seeks to raise up to A$7.92 million before expenses.
  • The offer now closes at 5.00pm Sydney time on Wednesday, 25 November 2026.
  • The extension was announced on 6 November to help eligible holders, especially those overseas, pay in time.
  • International transfers can take several Business days and may involve extra checks by banks.

Prodigy Gold (ASX:PRX) has again extended the closing date of its non-renounceable entitlement offer, which seeks to raise up to A$7.92 million before expenses. The offer will now close at 5:00pm Sydney time on Wednesday, 25 November 2026. The company announced the change on 6 November.

According to the company, the extension is intended to give eligible shareholders more time to take part, particularly those outside Australia who need time to transfer funds. International transfers can take several business days and may involve extra checks by banks, which can make it hard for overseas holders to pay before a deadline.

Offer timetable

The offer was first announced on Thursday, 8 October 2026, with an Appendix 3B and a prospectus lodged at the same time. The Record Date for deciding which shareholders were entitled to take part was 7:00pm Sydney time on 13 October 2026. Prodigy described the latest change as a further extension, meaning the closing date had already been moved at least once. An Appendix 3B is the ASX form a listed company uses to notify the market of a proposed issue of securities, while the record date fixes the register used to work out each holder's entitlement.

Under the revised timetable, new shares are due to be issued on Wednesday, 2 December 2026, and Quotation on the ASX is expected to begin on Thursday, 3 December 2026. Automic is acting as share registry for the offer.

How the offer works

An entitlement offer allows existing shareholders to buy new shares in proportion to their current holdings. Because this offer is non-renounceable, holders cannot sell their entitlements on the market. Shareholders who do not take up their rights receive nothing for them, and their percentage holding in the company will fall if the offer is taken up by others.

Eligible shareholders should read the prospectus for these terms, together with the risks and the intended use of funds, before deciding whether to take part.

Why it matters

Prodigy Gold is a gold explorer with a portfolio of projects in the Northern Territory. The "NL" in its name shows it is a no liability company, a structure that Australian law makes available to companies whose objects are limited to mining. Explorers rely on raising Capital to fund drilling and other work, and the amount finally raised will affect how much exploration the company can carry out. The A$7.92 million figure is a maximum: the amount actually raised depends on how many shareholders take up their entitlements and on any shortfall arrangements.

Extending an offer more than once gives shareholders more time to participate, but it also delays when the company receives the funds and when new shares are issued.

Next steps

The offer closes at 5:00pm Sydney time on 25 November 2026. New shares are scheduled to be issued on 2 December, with quotation expected on 3 December, although timetables of this kind can change. Prodigy would normally announce the results of the offer after it closes, including the amount raised and any shortfall. Questions about applications and payments are handled by the registry, Automic. Any further change to the timetable would be announced through the ASX, and holders should check the latest notice before making a payment.