Alien’s strategic joint venture partner and investee company, Greentech Metals Limited (‘GreenTech’, ‘the Company’, ASX: GRE), has announced receipt of firm commitments for an oversubscribed AUD$7.5m (gross) equity placement (the ‘Placing’) priced at AUD$0.075/share (which is the previous day’s closing price and a 10.3% discount to the 10-day VWAP). Being completed in two separate Tranches (the first using existing authorities while the second remains subject to shareholders approval expected lateJune 2026), net proceeds plus cash held by GreenTech on 31 March 2026 is then expected to total c.AUD$9.5m (or c.£4.9m).
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.