SHANGSHAN GOLD (01939) Completes Placement of 11.88 Million Shares

Stock News11-06

SHANGSHAN GOLD (01939) announced that all conditions under the placement agreement (as supplemented by the supplemental agreement) have been fulfilled, and the completion took place on November 6, 2025.

In accordance with the terms of the placement agreement (as supplemented), the placing agent has successfully placed a total of 11.88 million shares to no fewer than six placees at an updated placing price of HK$7.71 per share. This represents approximately 2.32% of the company's total issued share capital following the allotment and issuance of the placement shares.

The gross proceeds from the placement amount to HK$91.5948 million. After deducting commissions and related expenses, the net proceeds are estimated to be approximately HK$90 million, implying a net price of about HK$7.58 per share.

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