ActivEX Raises $100,000 via 6.25 Million Share Placement at $0.016

ActivEX’s Latest Capital Raise

ActivEX Limited, an exploration-focused mining company, has successfully completed a placement raising $100,000 by issuing 6.25 million fully paid ordinary shares to Business Victor Investments Limited. The shares were priced at $0.016 each, representing a modest premium of 6.67% compared to the previous day’s closing price.

This capital raising is a clear signal of ActivEX’s intent to maintain momentum in its exploration activities while shoring up its financial position. The funds will be directed towards advancing existing exploration projects and supporting general working capital needs, a critical balance for junior resource companies navigating the complexities of early-stage mining ventures.

Pricing and Regulatory Context

The placement shares are being issued under ASX Listing Rule 7.1, which allows companies to raise capital without shareholder approval up to a certain limit. Notably, the issue price sits slightly below the 15-day volume weighted average price (VWAP) of $0.01811, reflecting a pragmatic approach to pricing that balances investor appeal with company valuation.

ActivEX expects to issue the placement shares on or before 30 December 2025, with an application to the ASX for official listing to follow. This timeline suggests a smooth and timely execution of the capital raise, minimizing any potential disruption to trading liquidity.

Implications for ActivEX and Investors

While $100,000 is a relatively modest sum in the mining sector, for a company at ActivEX’s stage, it represents a meaningful injection of funds. The placement to a single institutional investor, Business Victor Investments Limited, may also indicate confidence from sophisticated market participants in ActivEX’s exploration prospects.

Investors will be watching closely to see how effectively the company deploys these funds into its projects and whether this capital raise serves as a precursor to larger funding rounds or operational milestones. The announcement, authorised by Company Secretary William Kuan, underscores a disciplined approach to capital management amid ongoing exploration challenges.