Key Highlights

  • Vita Resources will offer eligible shareholders a share purchase plan to raise up to A$500,000.
  • SPP shares are priced at A$0.021 each, with applications of up to A$30,000 per eligible shareholder.
  • No brokerage or transaction costs are payable by participating shareholders.
  • The plan is expected to open on 26 October 2026 and close at 5:00pm AEDT on 6 November 2026.

Vita Resources NL (ASX:VTA) has announced a share purchase plan, or SPP, that gives eligible existing shareholders the chance to take part in a capital raising of up to A$500,000. The SPP shares will be issued at A$0.021 per share, referred to as the SPP Issue Price. The announcement is dated 23 October 2026 and was authorised for release by the board. The company is headquartered in Wembley, Western Australia, and lists its non-executive chairman, Gavin Rutherford, as the contact for further information.

The company describes the plan as a way for eligible holders to increase their shareholding without incurring brokerage or other transaction costs. Shareholders can apply for up to A$30,000 worth of fully paid ordinary shares, subject to the terms and conditions of the SPP.

Who Can Participate and How Much

Eligibility is defined by registered address and a record date. Eligible shareholders are holders of fully paid ordinary shares in Vita Resources who had an address in Australia or New Zealand as at 5:00pm WST on 22 October 2026. Each eligible holder may apply for shares worth up to A$30,000, and no brokerage or transaction costs are payable by those who participate.

The plan also addresses small holdings. This feature sits alongside the general A$30,000 limit and is aimed at holders whose parcels are small in value. Shareholders whose holdings are currently below a marketable parcel, defined as a holding with a current market value of less than A$500, are given an opportunity to increase their shareholding to a marketable parcel.

If applications exceed the amount the company is seeking to raise, Vita reserves the right, in its absolute discretion, to scale applications or accept oversubscriptions, subject to the Corporations Act 2001 (Cth) and the ASX Listing Rules. If the SPP is not fully subscribed, the company may also place any shortfall at its discretion, again subject to the Listing Rules and the Corporations Act.

Use of Funds and Issue Terms

Additional funds raised will principally be applied to exploration at the Ninnis Gold Project, to pursuing gold opportunities in Australia and New Zealand, and to the costs of the SPP offer. Any balance will go to general working capital and corporate purposes.

The SPP will be conducted pursuant to ASX Listing Rule 7.2, Exception 5, and so will not use the company's existing placement capacity. Shares issued under the plan will rank equally in all respects with Vita's existing fully paid ordinary shares on issue.

Full terms and conditions will be set out in the SPP Offer Booklet, which is expected to be released to the ASX on 23 October 2026. A copy of the booklet, together with a personalised application form, will be available to eligible shareholders through www.investorserve.com.au.

Indicative Timetable

The record date for determining eligible shareholders is 22 October 2026 at 5:00pm WST, and the announcement date is 23 October 2026. The SPP is expected to open on Monday, 26 October 2026 and to close at 5:00pm AEDT on Friday, 6 November 2026, unless extended or closed earlier at the company's discretion. Applications must be received by that closing time.

Each step in the plan is tied to a date: the record date fixes who is eligible, the announcement date marks the public launch, the opening and closing dates frame the application window, and a despatch date covers the holding statements. Holding statements are scheduled to be sent to participating shareholders on or around 13 November 2026, following allotment. Shares allotted under the SPP are expected to start trading on the ASX on or around the same date.

Vita notes that all dates are indicative only and that it reserves the right to vary the timetable, including by extending the offer or closing it early, subject to the ASX Listing Rules and applicable law. Shareholders are encouraged to submit applications before the advertised closing date, because the timetable may change.

Summing Up the Offer

In summary, Vita Resources is seeking up to A$500,000 from eligible Australian and New Zealand shareholders at A$0.021 per share, with an application ceiling of A$30,000, no brokerage, and proceeds directed mainly to Ninnis Gold Project exploration and gold opportunities in Australia and New Zealand, with the rest allocated to the offer costs and working capital.