Key Highlights

  • Vita Resources announced a share purchase plan at A$0.021 per share, seeking up to A$500,000, and the plan is not underwritten.
  • Eligible shareholders may apply for up to A$30,000 of shares, with the offer closing at 5:00pm AEDT on Friday 6 November 2026.
  • Funds are intended for exploration at the Ninnis Gold Project, gold opportunities in Australia and New Zealand, offer costs and working capital.

Vita Resources NL (ASX:VTA) has announced a share purchase plan (SPP) that would let eligible shareholders buy new fully paid ordinary shares at A$0.021 each, with no brokerage or transaction costs. The company is seeking up to A$500,000, and the plan is not underwritten, so the amount raised depends on how many shareholders choose to take part.

Each eligible Shareholder may apply for up to A$30,000 of shares. Participation is optional, and the right to take part is non-renounceable, meaning it cannot be transferred to anyone else. Eligible holders are those on the register at 5:00pm Western Australian time on 22 October 2026 with a registered address in Australia or New Zealand. Persons in the United States cannot participate. Joint and multiple holdings are treated as one for eligibility, and the A$30,000 cap applies across all of them. Custodians can apply on behalf of beneficiaries, but they must Supply a Custodian certificate, and the cap applies per beneficiary.

The offer document sets out application tiers from A$1,000 (47,620 shares) up to A$30,000 (1,428,572 shares), with fractions rounded up. If a payment does not match a tier, the company may reject it and refund it in full, or apply it to the highest lower tier and refund the excess. At the full A$500,000 target, about 23.8 million new shares would be issued. The company says the plan relies on ASX Listing Rule 7.2 Exception 5, so it does not use up the company's separate Placement capacity, and the new shares would rank equally with existing ones.

Pricing

The company states that the A$0.021 issue price compares with a closing price of A$0.022 on 22 October 2026, a discount of 4.5 per cent, and the same five-day volume-weighted average price. Vita Resources (ASX:VTA) notes that the Market Price could be above or below the issue price by the time shares are issued, and applications cannot be withdrawn once lodged.

How the money would be used

Vita says the funds are intended, in order, for exploration at the Ninnis Gold Project in Western Australia, pursuing gold opportunities in Australia and New Zealand, the costs of the offer itself, and general working capital. It describes these as current intentions that the board may change if circumstances shift. The announcements do not give an exploration programme, resource estimate or budget for Ninnis.

Conditions and risks

The board retains absolute discretion over the plan. It may accept applications above the target, scale back applications, extend the closing date, close early or terminate the offer, announcing any such change to the ASX. Where applications are scaled back, surplus money is refunded without interest. No interest is paid on application money and no cooling-off rights apply. If the new shares are not approved for Quotation on the ASX, they will not be issued and all money will be returned. Applicants bear any bank or adviser fees. The company describes the shares as speculative and notes that the offer booklet is not a prospectus. It also states that any shortfall may be placed at its discretion, subject to ASX and Corporations Act requirements.

Timetable

The company lists the following indicative dates, all subject to change. The offer opens on Monday 26 October 2026 and closes at 5:00pm Australian Eastern Daylight Time on Friday 6 November 2026. Vita expects to announce the results and issue the new shares on 12 November 2026, with trading on the ASX and holding statements to follow on or around 13 November 2026.

Applications are made by BPAY using a personalised form, and the form does not need to be returned. Payment must be received by the closing time, and banks may impose earlier cut-offs.