Sprintex to Raise Nearly AU$2 Million via Share Placement; Shares Rise 8%

MT Newswires Live

2025/09/30

Sprintex (ASX:SIX) received firm commitments to raise AU$1.5 million through the issue of 30 million fully paid ordinary shares at AU$0.05 apiece, according to a Tuesday filing with the Australian bourse.

Participants will also receive one free-attaching unquoted option for every four shares subscribed, exercisable at AU$0.10 each, expiring on June 30, 2026, the filing said.

Proceeds will be used for working capital and for developing the company's ongoing partnership with Mest Water, the filing added.

Shares of the company rose 8% in recent Tuesday trade.

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