Boab Metals Secures AU$5 million Equity with Acuity Capital in Subscription Agreement

Boab Metals Limited (ASX:BML) has entered an At-the-Market Subscription Agreement (ATM) with Acuity Capital, providing up to AU$5 million standby equity capital until January 31, 2027. Boab has full discretion on shares issuance, pricing, and timing, with no obligation to use the ATM. Acuity Capital imposes no restrictions on other capital-raising methods.

Boab can set an issue price floor at its discretion, calculated as the greater of the nominated floor price or up to a 10% discount to Volume Weighted Average Price (VWAP). As security, Boab places 9 million fully paid ordinary BML shares at nil cash to Acuity Capital. The Cleansing Notice discloses the Collateral Shares issuance under the Corporations Act without disclosure to investors, ensuring compliance with applicable provisions.

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