SQX Resources Limited (ASX: SQX) announced today, 21 September 2026, the successful closure of its fully underwritten 2 for 3 non-renounceable Entitlement Offer, raising $2,468,000 before costs. The offer involved the issuance of new fully paid ordinary shares at an issue price of $0.04 each. SQX Resources Limited is a modern mineral exploration company focused on building a portfolio of high-quality gold and copper assets across tier-one mining jurisdictions, aiming to deliver long-term shareholder value through disciplined exploration.
The Entitlement Offer closed on Monday, 14 September 2026. Valid applications from eligible shareholders accounted for 24,184,086 New Shares, totalling $967,363, which included entitlements taken up and applications under the shortfall facility. These shares were issued today. The remaining 37,515,914 New Shares, amounting to $1,500,637, will be subscribed for by the underwriter, Alpine Capital Pty Ltd, and its sub-underwriters, with issuance expected on Tuesday, 22 September 2026. Directors of SQX demonstrated their support by taking up their full entitlements and participating as sub-underwriters.
The newly issued 24,184,086 New Shares are anticipated to commence trading on a normal settlement basis on Tuesday, 22 September 2026. Following the complete issuance, SQX Resources Limited will have 154,250,000 fully paid ordinary shares on issue. The funds raised are allocated for exploration activities at the company’s Red Bird (Arizona), Williams (Montana), and Ollenburgs (Queensland) projects, alongside the assessment of new ventures, general working capital, and the costs of the Entitlement Offer. Executive Chairman Bevan Tarratt thanked shareholders and the underwriting syndicate, highlighting the Board’s confidence and the company’s renewed focus on advancing exploration.
