Green & Gold Minerals Limited (ASX: GG1), a mineral exploration and development company focused on its copper-silver-tin portfolio and gold projects in Queensland, has announced a renounceable pro-rata entitlement offer to eligible shareholders. The offer aims to raise up to approximately $3.19 million (before costs) through the issuance of up to 31,921,188 new shares. Eligible shareholders will be offered one new share for every two shares held at an issue price of $0.10 per share, representing a 29% discount to the last closing price of A$0.14 on 4 September 2026.
As part of the offer, investors will also receive one free attaching New Option for every two new shares subscribed for. These options will be exercisable at $0.20 and will expire 2.5 years from their issue date, with the company intending to apply for their quotation on the ASX, subject to approval. The renounceable nature of the entitlement offer allows shareholders to trade their rights on the ASX. Additionally, an associated Top-Up Offer permits eligible shareholders to apply for shares in excess of their entitlements not taken up by other shareholders, with any remaining shortfall shares potentially being placed by the company in consultation with Lead Manager Mahe Capital Pty Ltd.
The funds raised from the entitlement offer are earmarked for the advancement of the company’s key projects. A significant portion will support ongoing exploration and potential resource definition at the Herberton Conductor Metals Project, including extension drilling at Copper Hills and accelerated exploration of other copper-silver targets like Siberia and Elizabeth Bluffs. The capital will also facilitate further development at the Mt Wandoo Gold Project, with plans for additional drilling to expand its shallow gold resource, metallurgical assessment, and preliminary mining studies. The offer is scheduled to close at 5:00pm (AEST) on Wednesday, 30 September 2026.
