Successful Share Purchase Plan by Anson Resources

Anson Resources (ASX:ASN) has announced the successful completion of its Share Purchase Plan (SPP), raising AUD 2.3 million. The plan was oversubscribed, and the company decided to accept all oversubscriptions. The new shares will commence trading on 18 October 2024. This follows a previous AUD 5 million Institutional Placement.

Overview and Future Plans for Anson Resources

Anson Resources has successfully completed an oversubscribed Share Purchase Plan (SPP), raising a total of AUD 2.3 million. Together with a prior AUD 5 million Institutional Placement, the funds will support the development of the Paradox Lithium Project in Utah, USA. The company's leadership, including all eligible directors and senior management, participated in the SPP, showing strong internal commitment. Anson Resources aims to create long-term shareholder value by focusing on the development of assets aligned with future energy market demands. However, the company notes that forward-looking statements carry inherent risks and uncertainties.

Executive Commentary on Share Purchase Plan

The strong response to the SPP is a clear endorsement of our growth strategy and development plans for our key assets in Australia and the US.