Austral Gold Announces A$8.456 million Strategic Placement

Core Viewpoint - Austral Gold Limited has secured A$8.456 million in firm commitments for a private placement of new shares, aimed at enhancing its exploration and development programs in Chile and Argentina [1][10]. Placement Details - The placement involves issuing 46,977,778 new shares at A$0.18 per share to Australian sophisticated and institutional investors [2][10]. - The offer price represents a 20% discount to the closing price on ASX on February 16, 2026, and a discount of approximately 15% to the 15-day VWAP [11]. Use of Proceeds - Proceeds from the placement will be allocated to accelerate exploration programs in Guanaco and Casposo, expand processing capacity, and cover working capital needs [12][10]. Regulatory and Settlement Information - The new shares will be issued under the existing placement capacity pursuant to ASX Listing Rule 7.1A, with settlement subject to corporate and regulatory approvals [3][4]. - An indicative timetable for the placement includes trading halt lifting and announcement on February 17, 2026, with settlement and allotment occurring shortly after final acceptance by the TSXV [6][7]. Company Overview - Austral Gold is a growing gold and silver mining producer focused on production, exploration, and equity investments in the Americas [8].