RE: ALL31 Oct 2025 11:07
Anything in that update keeping the price down.....
like, below , I see 8.1p, is this also being voted Nov 6th?????
Corporate:
- The Company announced binding financing agreements with Long State Investments Ltd1 providing access to up to £28m over a two-year period, with the Company maintaining flexibility and control over the terms of the placements, to advance Ewoyaa towards production.
o Under the Share Placement Agreement, the Company completed an initial placing ("Initial Placement") raising £2m through the issue of 24,786,526 shares at an issue price of £0.081 (AUD 0.17) per share ("Placement Price").
o The Company is seeking shareholder approval at the Extraordinary General Meeting to be held on 6 November 2025 for the first placement of £500,000 under the Committed Equity Facility Agreement.
- Further rationalisation of headcount and staff placed on reduced working hours, enabling the Company to focus expenditure on activities that are considered critical to the advancement of the Project towards a Project Final Investment Decision ("Project FID").
- Cash on hand at end of quarter was A$4.1m.