Andean Silver Increases Share Purchase Plan to AU$6 Million Following Strong Demand
Andean Silver Limited (ASX: ASL) has doubled the size of its Share Purchase Plan (SPP) to AU$ 6 million in response to overwhelming shareholder demand. The original target of AU$ 3 million was significantly exceeded, with applications totaling approximately AU$ 18 million by the close of the SPP on 29 December 2025. The funds raised, along with AU$ 36 million from the placement and SPP, will support the acceleration of drilling programs at the Cerro Bayo Silver-Gold Project, including resource growth, resource conversion, and regional exploration. Additionally, funds will assist in advancing project studies and evaluating land acquisitions near the Cerro Bayo project. A total of 3,243,057 new fully paid shares will be issued on 6 January 2026, with the new shares expected to commence trading on 7 January 2026. Shareholders who were scaled back in the SPP will receive excess application money by 12 January 2026.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Andean Silver Increases Share Purchase Plan to AU$6 Million Following Strong Demand
Andean Silver Limited (ASX: ASL) has doubled the size of its Share Purchase Plan (SPP) to AU$ 6 million in response to overwhelming shareholder demand. The original target of AU$ 3 million was significantly exceeded, with applications totaling approximately AU$ 18 million by the close of the SPP on 29 December 2025. The funds raised, along with AU$ 36 million from the placement and SPP, will support the acceleration of drilling programs at the Cerro Bayo Silver-Gold Project, including resource growth, resource conversion, and regional exploration. Additionally, funds will assist in advancing project studies and evaluating land acquisitions near the Cerro Bayo project. A total of 3,243,057 new fully paid shares will be issued on 6 January 2026, with the new shares expected to commence trading on 7 January 2026. Shareholders who were scaled back in the SPP will receive excess application money by 12 January 2026.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au