Havilah Resources completion of entitlement offer

Havilah Resources Limited (ASX:HAV) has successfully completed a non-renounceable pro-rata Entitlement Offer, raising approximately $1.96 million. The offer, announced on Monday, 26 August 2024, aimed to raise up to $4.07 million and closed on Monday, 16 September 2024. Valid applications for 10,907,977 New Shares were received and accepted, representing about 48.2% of all New Shares offered under the Entitlement Offer.

Havilah Resources Chairman's Comments on Capital Raising

We appreciate Havilah shareholder support for this capital raising, the majority of the proceeds will be directed towards strategic exploration drilling on extremely promising copper prospects in the vicinity of Havilah's Kalkaroo and Mutooroo copper projects. New Shares are scheduled for allotment on Friday, 20 September 2024, and are expected to commence ASX trading on a normal settlement basis from Monday, 23 September 2024.

Havilah Resources Entitlement Offer Summary and Outlook

Havilah Resources has successfully completed its Entitlement Offer, raising $1.96 million with discussions ongoing to raise the full amount of $4.07 million sought. The company received valid applications for 10,907,977 New Shares, representing approximately 48.2% of all New Shares offered. The majority of the proceeds will be directed towards strategic exploration drilling on promising copper prospects near Havilah's Kalkaroo and Mutooroo copper projects. New Shares are scheduled for allotment on Friday, 20 September 2024, and are expected to commence ASX trading on Monday, 23 September 2024.