Lindian Resources secures A$5m from options underwriting agreement

Lindian Resources Limited announced a successful underwriting agreement for approximately 17.8 million options set to expire on December 9, 2025. The underwriting, managed by Petra Capital Pty Limited, will generate gross proceeds of approximately A$5.0 million upon conversion of these options, which have an exercise price of A$0.30. Petra Capital, acting as the underwriter, will receive a fee of 6% (excluding GST) of the final underwritten amount.

The underwriting demonstrates strong market support for Lindian Resources and provides an opportunity for institutional investors to increase their holdings. Shortfall shares issued to the underwriter will be in accordance with ASX Listing Rule 7.2 (Exception 10) and will not require shareholder approval.

Settlement of the underwritten options is expected by December 18, 2025, with shares issued around December 19, 2025.