Yandal Resources (ASX:YRL) Launches $9m Placement and $1m Share Purchase Plan

Sonal Goyal

30 October 2026 05:27 PM AEDT

Yandal Resources (ASX:YRL) Launches $9m Placement and $1m Share Purchase Plan

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Highlights

Yandal proposed a placement of 120 million shares at $0.075 each, raising about $9.0 million.
A share purchase plan of up to 13,333,333 shares aims to raise about $1.0 million from eligible shareholders.
Tranche 2 of the placement is subject to shareholder approval, estimated for 15 December 2026.
Funds will be used for exploration activities and working capital.

Yandal Resources Limited (ASX:YRL) has lodged an Appendix 3B dated 30 October 2026, outlining a two-tranche placement and a share purchase plan (SPP). Both offers are priced at $0.075 per share.

Two-Tranche Placement

The placement comprises 120,000,000 ordinary shares, raising about $9.0 million. Tranche 1 of 94,246,278 shares is expected to be issued on or about 6 November 2026 using existing placement capacity under ASX Listing Rules 7.1 and 7.1A.

Tranche 2 of 25,753,722 shares is expected to be issued on or about 18 December 2026, subject to shareholder approval at a meeting estimated for 15 December 2026. Canaccord Genuity (Australia) and Stralis Capital Partners are joint lead managers. The placement is not underwritten.

Share Purchase Plan

Eligible shareholders in Australia and New Zealand can apply for up to 13,333,333 shares under the SPP, raising up to about $1.0 million. Applications range from $2,000 to $30,000 per holder, and any scale-back is at the Board's discretion.

The record date was 29 October 2026. The offer opens on 6 November 2026 and closes on 27 November 2026, with shares expected to be issued on 4 December 2026.

Use of Funds and Fees

Yandal stated that both offers will fund exploration activities and working capital. New shares will rank equally with existing shares.

The joint lead managers will receive a 2% management fee on all funds raised and a 4% capital raising fee on funds raised, excluding director participation. No related parties are participating in the placement.

Key Takeaways

Yandal is seeking about $10 million in total through a placement and SPP.
Both offers are priced at $0.075 per share.
Tranche 2 of the placement depends on shareholder approval in December.
Funds are earmarked for exploration and working capital.

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