GTI Energy Ltd (GTI or Company) is pleased to advise that existing shareholders will be offered the
opportunity to participate in a non-renounceable pro-rata rights entitlement offer of one (1) new share
for every five (5) existing Shares, held by those Shareholders registered at the relevant record date, at
an issue price of $0.0045 per New Share to raise up to $2,294,952 (before costs), together with one
(1) free attaching new option for every three (3) New Shares subscribed for and issued (Entitlement
Issue Offer). Each new option will have an exercise price of $0.01 and entitle the holder to subscribe
for one (1) new share before their expiry at 5:00 pm (WST), four (4) years from their date of issue (New
Option).
Shareholders will also be invited to apply for additional New Shares under the Shortfall Offer which will
be allocated at the Company’s discretion in conjunction with the Lead Manager.
In addition, existing GTRO option holders will be offered one (1) New Option for every four (4) GTRO
Options, owned on the relevant record date, at an issue price of $0.0005 per New Option to raise up to
$57,798.39 (Priority Option Offer), with the issue of New Options under the Priority Option Offer
subject to shareholder approval (the Entitlements Issue Offer and Priority Option Offer are together the
Entitlement Offers).
Further details with respect to the Entitlement Offers are set out in a prospectus which has been lodged
with ASIC and ASX today (Prospectus). The Prospectus also contains additional offers for options that
are free attaching to placement shares (the placement having been announced on 19 June 2024) and
options to be issued to CPS Capital Group Pty Ltd (CPS) which has acted as lead manager to the
Entitlement Offers and Placement.
CPS has also agreed to partially underwrite the Entitlement Offers to $1,600,000. Pursuant to the
underwriting agreement, the Company has agreed to pay CPS a fee of 6% on the amount raised under
the Entitlement Issue Offers (plus GST) and the Company will also issue to CPS, or its nominee up to
336,663,139 New Options, being one (1) New Option for every three (3) Shares taken-up and/or placed
in the Placement and Entitlement Issue Offer subject to Shareholder approval (Broker Options).
CPS or its nominee/s will also receive a 6% fee and 40,000,000 New Options for managing and placing
the Placement securities (Lead Manager Options). CPS will receive a monthly corporate advisory fee
of AUD$8,000.00 plus GST, per month, plus a one-off completion fee of $20,000, plus GST, upon
completion of the Placement and Entitlement Offers. The Lead Manager and Broker Options will be
issued subject to shareholder approval.
Funds raised from the Entitlement Offers will be used to fund the development and exploration of the
Company’s uranium projects in Wyoming and Utah, pay costs of the offers and for working capital.
The effect of the offers on the capital structure of the Company, assuming all securities offered under
the Prospectus are issued (ignoring the effects of rounding of fractional Entitlements, and assuming no
Options or convertible securities are exercised).
