Hot Chili Limited $(HCH.AU)$ (TSXV: HCH) $(HHLKF)$ announced the successful closure of its entitlement offer, which was fully subscribed, raising A$14.1 million before costs. The pro-rata non-renounceable entitlement offer involved the issuance of 2 new fully paid ordinary shares for every 13 shares held by eligible shareholders as of 8 August 2025, at a price of A$0.60 per share. The strong demand for the offering came from shareholders in Australia, Canada, and other eligible international jurisdictions. The proceeds will support key milestones for the development of the Costa Fuego copper-gold project in Chile, including strategic partnering processes, phase-two diamond drilling at La Verde, and ongoing development and exploration activities. The new shares are set to be issued on 9 September 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hot Chili Limited published the original content used to generate this news brief via PR Newswire (Ref. ID: TO66335) on September 05, 2025, and is solely responsible for the information contained therein.
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