Venture Minerals (ASX: $VMS) Share Purchase Plan Announcement

Venture Minerals Limited (ASX: $VMS) has announced the launch of a share purchase plan (SPP) aimed at raising an additional $1 million. The SPP is exclusively offered to eligible shareholders with a registered address in Australia or New Zealand, excluding those in the United States or any other jurisdiction where the offer of new shares would be unlawful. The offer opens on July 10, 2024, and is set to close on August 14, 2024. The issue price of the new shares will be A$0.019 per share, with eligible shareholders able to apply for new shares ranging from a minimum value of A$2,000 up to a maximum value of $30,000. The capital raised will primarily be utilized for the Jupiter Project, encompassing resource exploration drilling, metallurgical studies, and preliminary investigations.

Executive Commentary on Share Purchase Plan

The company is pleased to offer eligible shareholders the opportunity to participate in the share purchase plan, which aims to raise additional funds to support the ongoing development and exploration activities, particularly focused on the Jupiter Project. We believe that this initiative will enable us to advance our strategic objectives and enhance the potential of our mineral projects. It is important for shareholders to carefully review the terms and conditions of the offer and consider seeking professional advice before making any decisions regarding participation.

Summary of Venture Minerals (ASX: $VMS) Announcement

Venture Minerals Limited (ASX: $VMS) has initiated a share purchase plan (SPP) to raise $1 million, exclusively available to eligible shareholders in Australia and New Zealand. The proceeds from the capital raising will primarily be directed towards the Jupiter Project, encompassing resource exploration drilling, metallurgical studies, and preliminary investigations. The offer opens on July 10, 2024, and is scheduled to close on August 14, 2024. Shareholders are encouraged to carefully consider the terms and conditions, as well as seek professional advice before deciding to participate. The company aims to utilize the raised capital to advance its strategic objectives and enhance the potential of its mineral projects, emphasizing the speculative nature of investing and the associated risks.