Javelin Minerals Limited - CAPITAL RAISINGS COMPLETED

About this update from Javelin Minerals Limited

Javelin Minerals Limited (ASX: JAV) (Company) is pleased to announce completion of the following security issues, which were approved by shareholders at the Company's General Meeting on 23 July 2024 . The issue of these securities concludes the Company's capital raising, exceeding $2 million (before costs), as announced to the ASX on 3 June 2024 : 425,000,000 fully paid ordinary shares (Shares) to raise $425,000 , together with 425,000,000 free attaching Listed Options (JAVOA), pursuant to Tranche 2 of the placement announced on 3 June 2024 (Placement) (including 25,000,000 Shares and 25,000,000 Listing Options to Executive Chairman, Brett Mitchell (or his nominee)); 325,000,000 Listed Options (JAVOA) free attaching to Shares issued pursuant to Tranche 1 of the4 Placement; 75,000,000 Shares to raise $75,000 and 37,500,000 free attaching Listed Options (JAVOA) to Executiven Chairman, Brett Mitchell (or his nominee) pursuant to the shortfall offer in the Company's recently completed Non-Renounceable pro-Rata Entitlement Offer (Entitlement Offer) and 400,000,000 Performance Rights to Executive Chairman, Brett Mitchell . Further Placement Subsequent to the Placement announced on 3 June 2024 , the Company has received binding commitments from sophisticated and professional investors to raise a further $100,000 pursuant to a placement of Shares at an issue price of $0.001 per Share (being the same price as the Placement and Entitlement Offer) (Further Placement). There were no fees paid in connection with the Further Placement. Participants in the Further Placement will also receive one free attaching listed option (JAVOA, exercisable at $0.002 each, on or before 31 December 2028 ) for every two Shares subscribed for and issued (Options). The Shares and Options under the Further Placement will be issued pursuant to the Company's existing (newly refreshed) placement capacity under Listing Rule 7.1. The funds raised from the Further Placement will be used to advance the current work programs on the Company's existing assets, review of new mining project opportunities and general working capital (C) 2024 Electronic News Publishing, source ENP Newswire

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