Business
Announcement - Entitlement Offer Fully Subscribed
Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce that its previously announced entitlement offer closed fully subscribed. The pro-rata non-renounceable entitlement offer of 2 (two) fully paid ordinary shares in the Company ("New Shares") for every 13 (thirteen) fully paid ordinary shares held by eligible shareholders at the record date of 8 August 2025, at an issue price of A$0.60 (60 cents) per New Share ("Entitlement Offer") raised A
About this update from Hot Chili Limited
[{"type":"text","content":"Highlights","length":10,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"A$14.1M Entitlement Offer received strong demand from Australian, Canadian and international shareholders","length":105,"tagName":"p"}]},{"val":[{"type":"text","content":"Completion of the Entitlement Offer provides funding to deliver the following key milestones in the growth and development of the Costa Fuego copper-gold project, located in the coastal range of Chile:","length":201,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Completion of the Company's asset-level strategic partnering process (as announced on 5 August 2025)","length":104,"tagName":"p"}]},{"val":[{"type":"text","content":"Commencement of phase-two diamond drilling at the La Verde copper-gold discovery expected to facilitate a maiden mineral resource estimate ","length":138,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":242,"olType":false}]},{"val":[{"type":"text","content":"Further updates expected as the Company accelerates its growth and development plan with strengthened treasury and a strong copper and gold price environment","length":157,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":705,"olType":false},{"type":"text","content":"PERTH, Australia, Sept. 5, 2025 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce that its previously announced entitlement offer closed fully subscribed. The pro-rata non-renounceable entitlement offer of 2 (two) fully paid ordinary shares in the Company ("New Shares") for every 13 (thirteen) fully paid ordinary shares held by eligible shareholders at the record date of 8 August 2025, at an issue price of A$0.60 (60 cents) per New Share ("Entitlement Offer") raised A$14.1 million before costs.","length":619,"tagName":"p"},{"type":"text","content":"The Entitlement Offer received strong demand from eligible shareholders in Australia, Canada and other eligible international jurisdictions.","length":140,"tagName":"p"},{"type":"text","content":"Proceeds from the fully subscribed Entitlement Offer, in addition to existing treasury, will provide funding to be used for the completion of the Company's asset-level, strategic partnering processes bei...