Talonx Resources Limited (ASX: TXR) has announced a Share Purchase Plan (SPP), offering eligible shareholders the opportunity to acquire new fully paid ordinary shares. Talonx Resources Limited (TXR) is an ASX-listed mineral exploration company primarily focused on advancing its copper and base-metals projects in Botswana and gold assets in Western Australia. The SPP allows participants to subscribe for shares at an issue price of A$0.005 per share, matching the price of the company’s recent placement to institutional and sophisticated investors. This represents a 0% discount to the last traded price of A$0.005 and a 6% discount to the five-day volume weighted average market price of A$0.0053 recorded on 9 November 2026.
Shareholders with a registered address in Australia or New Zealand as of 4:00pm (AWST) on 9 November 2026 are eligible to participate. The offer enables eligible shareholders to apply for new shares in parcels ranging from a minimum of A$2,500 up to a maximum of A$30,000, without incurring brokerage or transaction costs. The SPP is not underwritten, and the company aims to raise up to A$1,000,000 before costs, with the flexibility to accept oversubscriptions subject to ASX Listing Rules.
The proceeds from the SPP are earmarked for a significant ramp-up of copper and base-metals exploration at the Kihabe Project in Botswana and further drilling activities at the Viking Gold Project in Western Australia. Additionally, funds will contribute to general working capital requirements and cover the costs associated with both the placement and the SPP. The offer officially opened on 13 November 2026 and is scheduled to close at 4:00pm (AWST) on 11 December 2026. New shares under the SPP are expected to be issued on 17 December 2026, with trading commencing on the ASX the following day.
