Capital Financing
Felix Gold receives firm commitments for $7.25 million placement and launches Share Purchase Plan
Amount raised
Approximately $7.25 million
Placement, before costs
Issue price
$0.12 per New Share
Same price for the SPP
Securities issued
41,250,000 + 19,166,667 New Shares
Tranche 1 and Tranche 2
Settlement or listing date
Wednesday, 11 November 2026
Settlement of Tranche 1
Summary
Felix Gold Limited (ASX: FXG) states it has received firm commitments for a two-tranche placement of new fully paid ordinary shares to raise approximately $7.25 million (before costs) at $0.12 per share. The company states the issue price represents a 14.3% discount to the last closing price and 5-day VWAP of $0.14. It also intends to undertake a Share Purchase Plan to raise up to $1 million (before costs) at the same price, open to eligible shareholders in Australia and New Zealand. The company states the proceeds will fund Treasure Creek mine permitting and economic study, Frontier refinery work, 2026 drilling results, an updated gold Mineral Resource estimate, antimony resource definition and corporate costs.
Offer terms
| Term | Detail |
|---|---|
| Instrument | New fully paid ordinary shares |
| Tranches | Tranche 1: 41,250,000 New Shares to raise approximately $4.95 million, issued within existing placement capacity under Listing Rule 7.1 without shareholder approval. Tranche 2: 19,166,667 New Shares to raise approximately $2.3 million, issued to MDF Global Ltd ($2.0 million) and to Directors of the Company or their related entities ($0.3 million) |
| Price | $0.12 per New Share |
| Discount | 14.3% discount to the last closing price and 5-day VWAP of $0.14 |
| Shareholder approval | Tranche 2 is subject to shareholder approval under Listing Rule 10.11 at a meeting of shareholders to be called shortly |
| Share purchase plan | Up to $1 million (before costs) at $0.12 per New Share, open to eligible shareholders with a registered address in Australia or New Zealand as at 7:00pm (AEDT) on Tuesday, 3 November 2026. Each eligible shareholder may apply for up to $30,000 of New Shares, subject to any scale back |
| Underwriting | The SPP is not underwritten |
Use of proceeds
- Complete Treasure Creek mine permitting and economic study: 1.80 ($ million)
- Frontier refinery site selection, permitting, economic study and DOE award negotiation: 1.30 ($ million)
- 2026 drilling results, updated gold Mineral Resource estimate and antimony resource definition: 1.80 ($ million)
- Corporate costs, Placement and SPP costs and cash buffer: 3.65 ($ million)
- Total (Placement $7.25m plus cash at 30 September 2026 of $1.3m, unaudited): 8.55 ($ million)
Timetable
| Tuesday, 3 November 2026 | Record Date for the SPP, 7:00pm (AEDT) |
|---|---|
| Wednesday, 4 November 2026 | Trading halt lifted, announcement of the Placement and SPP, and Appendix 3B |
| Wednesday, 11 November 2026 | Settlement of Tranche 1 |
| Thursday, 12 November 2026 | Issue of Tranche 1 New Shares, Appendix 2A and cleansing notice |
| On or about Friday, 13 November 2026 | SPP Booklet despatched to eligible shareholders and released to ASX |
| Friday, 13 November 2026 | SPP opens |
| Friday, 4 December 2026 | SPP closes |
| To be called shortly | Meeting of shareholders to approve Tranche 2 |
| Shortly after the meeting of shareholders | Issue of Tranche 2 New Shares (subject to approval), Appendix 2A and cleansing notice |
The timetable is indicative and subject to change, per the company.
Source: Felix Gold announcement dated 4 November 2026. This page summarises information from the company's public announcement and is provided for general information only. It is not financial product advice, a recommendation or an offer, and it does not take into account any person's objectives, financial situation or needs. Figures and terms are taken from the announcement and may be incomplete or may have changed since publication. Refer to the original announcement for full details. Kamoa Capital has not independently verified the information.
