Agrimin Limited's Share Purchase Plan and Options Offer

Agrimin Limited (ASX: $AMN) has announced a Share Purchase Plan (SPP) and Options offer, allowing eligible shareholders to subscribe for new fully paid ordinary shares at an issue price of $0.15 per share, targeting to raise $4 million. The SPP offer also includes unlisted options with an exercise price of $0.20. The company aims to utilize the funds raised for the Mackay Potash Project, West Arunta exploration, and general working capital. The offers close at 5:00pm (AWST) on 7 March 2024. Shareholders are encouraged to review the prospectus for detailed information on the offers, including taxation implications, privacy, and contact details for enquiries.

Executive Commentary

The company is pleased to offer eligible shareholders the opportunity to participate in the Share Purchase Plan and Options offer. We believe that this initiative will provide the necessary financial support for our ongoing projects and exploration activities. The funds raised will contribute to the development of the Mackay Potash Project and the West Arunta exploration, which are integral to our long-term growth strategy. We encourage shareholders to carefully consider the prospectus and take advantage of this opportunity to support Agrimin's future endeavors.

Summary of Agrimin's Share Purchase Plan and Options Offer

Agrimin Limited (ASX: $AMN) has introduced a Share Purchase Plan (SPP) and Options offer to raise funds for the Mackay Potash Project, West Arunta exploration, and general working capital. The company aims to raise $4 million through the SPP offer, with the ability to accept oversubscriptions. The offers are non-underwritten and do not have a minimum subscription requirement. Shareholders are encouraged to review the prospectus for comprehensive details on the offers, including taxation implications, privacy, and contact information for enquiries. The company will seek shareholder approval for the issue of options and SPP shortfall shares at a general meeting on or around 27 March 2024. The SPP offer presents an opportunity for eligible shareholders to support Agrimin's strategic initiatives and future growth plans.