Altamin Enlists GBA Capital to Place Shortfall Shares with Broker Options Incentive
Altamin Limited has appointed GBA Capital as lead manager to place shortfall shares from its recent entitlement offer, offering broker options as part of the arrangement. This move aims to bolster support for its critical minerals projects in Italy while engaging new and existing investors.
- GBA Capital appointed lead manager for shortfall placement
- Broker options issued to GBA Capital as partial payment
- Options exercisable at $0.0375 until December 2028
- Placement supports Altamin’s Italian critical minerals projects
- Entitlement offer shortfall placement to increase shareholder engagement
Strategic Appointment to Manage Shortfall Placement
Altamin Limited (ASX – AZI) has announced the appointment of GBA Capital Pty Limited as the lead manager to oversee the placement of shortfall securities arising from its entitlement offer announced in September 2025. This appointment marks a significant step in Altamin’s capital raising efforts, aiming to secure additional funding to advance its critical minerals projects in Italy.
Broker Options as Incentive for Placement Support
As part of the engagement, GBA Capital will receive broker options equivalent to 15% of the shortfall shares they place, excluding those placed with investors identified by Altamin. These options carry an exercise price of $0.0375 each and will expire on 31 December 2028. Issued for nil cash consideration, these options provide GBA Capital with a potential upside aligned with the company’s future share price performance.
Capital Raising to Fuel Growth in Critical Raw Materials
Altamin’s CEO, Geraint Harris, expressed optimism about the partnership with GBA Capital, highlighting the importance of the placement in supporting the company’s projects in Italy. He emphasized the growing interest in critical raw materials within Europe and the strategic value of engaging both existing and new shareholders who share this thematic focus.
Implications for Shareholders and Market Position
The placement of shortfall shares, facilitated by GBA Capital, is expected to strengthen Altamin’s capital base and broaden its shareholder register. The issuance of broker options as partial consideration aligns the interests of the lead manager with the company’s growth prospects. However, the final volume of shortfall shares placed and the market’s reception remain to be seen, factors that will influence Altamin’s near-term capital structure and share price dynamics.
Looking Ahead
With the entitlement offer’s shortfall placement underway, Altamin is positioning itself to capitalize on the critical minerals demand in Europe, particularly in Italy. The collaboration with GBA Capital could prove pivotal in navigating the capital markets and securing the necessary funding to advance its projects.
Bottom Line?
Altamin’s partnership with GBA Capital sets the stage for a crucial capital raise that could accelerate its growth in Europe’s critical minerals sector.
Questions in the middle?
- What is the total size and value of the shortfall placement yet to be finalized?
- How will the market respond to the issuance of broker options and potential dilution?
- What specific projects in Italy will benefit most from the capital raised through this placement?
