Talga's A$5.0 million Prospectus Offer and Loyalty Options

Talga Group Ltd (ASX: $TLG) has announced the commencement of its Prospectus Offer to raise approximately A$5.0 million and the introduction of a Loyalty Option program. The Prospectus Offer will provide new fully paid ordinary Talga shares at A$0.38 per New Share to eligible shareholders in Australia and New Zealand. The offer period is from August 9, 2024, to August 23, 2024. The proceeds from the offer will be allocated to fund pre-FID Vittangi Anode Project development and general working capital.

Talga's Executive Commentary on Prospectus Offer and Loyalty Options

The Board of Talga Group Ltd encourages eligible shareholders to carefully review the Prospectus and consider participating in the offer. The Company aims to raise A$5.0 million to support the pre-FID Vittangi Anode Project development and bolster general working capital. Additionally, in recognition of the supportive shareholder base, Talga will issue 1 Loyalty Option for every 8 Talga shares held by eligible shareholders after the Prospectus Offer, with full details to be outlined in the forthcoming prospectus.

Summary of Talga's Prospectus Offer and Loyalty Options

Talga Group Ltd (ASX: $TLG) has initiated a Prospectus Offer to raise approximately A$5.0 million, targeting the funding of pre-FID Vittangi Anode Project development and general working capital. The offer period is from August 9, 2024, to August 23, 2024. Additionally, the Company will introduce a Loyalty Option program, issuing 1 Loyalty Option for every 8 Talga shares held by eligible shareholders after the Prospectus Offer. The Loyalty Options will be issued at nil cost and will be exercisable at A$0.55/share, with full details to be provided in the upcoming prospectus. The timetable for the Loyalty Offer is indicative and remains subject to change at Talga's discretion, subject to compliance with applicable laws and the ASX Listing Rules.