Regener8 is making a priority offer of up to 12,500,000 shares to GTI shareholders in parallel to lodging a prospectus with ASIC to raise up to $5.5 million for its initial public offering.

To be eligible to participate in the priority offer, which closes on May 31, 2022, at 5PM (AWST), an applicant must be a resident of Australia or New Zealand and be recorded as the holder of a share in GTI, as at May 3, 2022.

Regener8’s IPO includes completing the acquisition of the Niagara Gold Project from GTI, which lies around 6km southwest of Kookynie in the central Goldfields region of Western Australia.

GTI (ASX:GTR) says it will receive 5 million Regener8 shares, totalling $1 million at $0.20, as well as $1.5 million performance rights and $150,000 cash at completion of the IPO and acquisition.

First in, first served

Eligible GTI shareholders are able to apply, on a “first in, first served” basis, for a minimum allocation of shares (being 10,000 or $2,000) under the priority offer up to an aggregate value of $2,500,000.

If eligible GTI Shareholders subscribe in aggregate for shares over a value of $2,500,000, the Regener8 board will allocate shares under the priority offer at their discretion, up to a value of $2,500,000. Any oversubscriptions to be dealt with under the public offer.

In order to participate in the priority offer, eligible GTI Shareholders should follow the instructions set out in the Priority Offer Application Form.

The public offer will remain open until 14 June.



This article was developed in collaboration with GTI Energy, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.