Evolution Energy's Largest Shareholder Confirms Intention to Take Up Full Allocation in Rights Issue

MT Newswires Live

2025/08/15

Evolution Energy Minerals' (ASX:EV1) largest shareholder, ARCH Emerging Markets Partners, which holds a 25% stake in the company, confirmed that it will take up its full allocation in the company's ongoing rights issue to raise up to AU$1.5 million, according to a Friday filing with the Australian bourse.

Shares of the company rose 21% at market close.

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