Sunrise Energy Metals Eyes AU$7.5 Million via Heavily Discounted Placement, Share Purchase Plan; Shares Fall 39%

MT Newswires Live

Apr 22, 2025

Sunrise Energy Metals (ASX:SRL) is seeking up to AU$7.5 million via a placement and a share purchase plan (SPP), according to a Tuesday filing with the Australian bourse.

Investors committed AU$6 million through the placing of 20 million fully paid ordinary shares at an issue price of AU$0.30 each. This represents a nearly 58% discount to the last closing price of the company's shares.

The offer includes an unlisted option for every share subscribed for, exercisable at AU$0.40 each and expiring on May 31, 2027.

The company is also raising a further AU$1.5 million via the SPP on the same terms as the placement.

Funds will support drilling activities at the Syerston Scandium deposit in New South Wales, as well as its project feasibility study.

Sunrise Energy's shares plunged 39% in recent trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2529318386"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2529318386\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2529318386?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-22 12:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2529318386","market":"sh","top_or_hot":-1,"title":"Sunrise Energy Metals Eyes AU$7.5 Million via Heavily Discounted Placement, Share Purchase Plan; Shares Fall 39%","media":"MT Newswires Live","content":"<html><body><p> Sunrise Energy Metals (ASX:SRL) is seeking up to AU$7.5 million via a placement and a share purchase plan (SPP), according to a Tuesday filing with the Australian bourse.</p><p>Investors committed AU$6 million through the placing of 20 million fully paid ordinary shares at an issue price of AU$0.30 each. This represents a nearly 58% discount to the last closing price of the company's shares.</p><p>The offer includes an unlisted option for every share subscribed for, exercisable at AU$0.40 each and expiring on May 31, 2027.</p><p>The company is also raising a further AU$1.5 million via the SPP on the same terms as the placement.</p><p>Funds will support drilling activities at the Syerston Scandium deposit in New South Wales, as well as its project feasibility study.</p><p>Sunrise Energy's shares plunged 39% in recent trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sunrise Energy Metals Eyes AU$7.5 Million via Heavily Discounted Placement, Share Purchase Plan; Shares Fall 39%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSunrise Energy Metals Eyes AU$7.5 Million via Heavily Discounted Placement, Share Purchase Plan; Shares Fall 39%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-04-22 12:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Sunrise Energy Metals (ASX:SRL) is seeking up to AU$7.5 million via a placement and a share purchase plan (SPP), according to a Tuesday filing with the Australian bourse.</p><p>Investors committed AU$6 million through the placing of 20 million fully paid ordinary shares at an issue price of AU$0.30 each. This represents a nearly 58% discount to the last closing price of the company's shares.</p><p>The offer includes an unlisted option for every share subscribed for, exercisable at AU$0.40 each and expiring on May 31, 2027.</p><p>The company is also raising a further AU$1.5 million via the SPP on the same terms as the placement.</p><p>Funds will support drilling activities at the Syerston Scandium deposit in New South Wales, as well as its project feasibility study.</p><p>Sunrise Energy's shares plunged 39% in recent trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SRL.AU","symbol_name":"SUNRISE ENERGY METALS LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2529318386","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529318386","pubTimestamp":1745296750,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Sunrise Energy Metals  is seeking up to AU$7.5 million via a placement and a share purchase plan , according to a Tuesday filing with the Australian bourse.Investors committed AU$6 million through the placing of 20 million fully paid ordinary shares at an issue price of AU$0.30 each. This represents a nearly 58% discount to the last closing price of the company's shares.The offer includes an unlisted option for every share subscribed for, exercisable at AU$0.40 each and expiring on May 31, 2027.The company is also raising a further AU$1.5 million via the SPP on the same terms as the placement.Funds will support drilling activities at the Syerston Scandium deposit in New South Wales, as well as its project feasibility study.Sunrise Energy's shares plunged 39% in recent trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SRL.AU":"SUNRISE ENERGY METALS LTD","BK7095":"多种金属与采矿"},"translate_title":"Sunrise Energy Metals计划通过大幅折扣配售和股票购买计划筹集750万澳元；股价下跌39%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SRL.AU":0.9},"content_text":"Sunrise Energy Metals (ASX:SRL) is seeking up to AU$7.5 million via a placement and a share purchase plan (SPP), according to a Tuesday filing with the Australian bourse.Investors committed AU$6 million through the placing of 20 million fully paid ordinary shares at an issue price of AU$0.30 each. This represents a nearly 58% discount to the last closing price of the company's shares.The offer includes an unlisted option for every share subscribed for, exercisable at AU$0.40 each and expiring on May 31, 2027.The company is also raising a further AU$1.5 million via the SPP on the same terms as the placement.Funds will support drilling activities at the Syerston Scandium deposit in New South Wales, as well as its project feasibility study.Sunrise Energy's shares plunged 39% in recent trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}