St. Peter Port, 28 October 2025, Sedibelo Resources Limited (“Sedibelo” or the “Company”) is pleased to announce that it has recently completed an equity capital raise comprised of a rights offering and private placements (collectively, the “Equity Capital Raise“), pursuant to which the Company raised a total of US$15,113,991.82 by way of the issuance of 4,679,254,433 ordinary voting shares of the Company (“Shares”) at a subscription price of US$0.00323 per share, and the issuance of the same number of options convertible into Shares at a price of US$0.00323 per option (the “Conversion Price”). Proceeds from the Equity Capital Raise are expected to be used for general corporate, capital expenditure and working capital requirements of Sedibelo, its subsidiaries and affiliated entities, including, without limitation, undertaking geotechnical and economic studies (including a feasibility study for its core underground project conducted by an independent third party).
The Equity Capital Raise was completed on the same economic terms as the private placement portion of the previous fundraise announced on 20 January 2025 (the “January 2025 Fundraise”). Over the course of this year, the Company has raised approximately US$35 million via the Equity Capital Raise and the January 2025 Fundraise. For more information on the January 2025 Fundraise and access to the Company’s other disclosure documents, including the Rights Offering Circular dated 24 July 2025, please refer to the Company’s issuer profile at www.sedarplus.com.
Further to the Equity Capital Raise and the receipt of South African Reserve Bank approvals recently obtained in respect of a portion of the Shares issued pursuant to the January 2025 Fundraise, on the date hereof the Company has 11,953,264,439 issued and outstanding Shares, and 13,718,725,877 issued and outstanding options convertible into Shares at the Conversion Price.
Contact
All enquiries should be addressed to Mr. Erich Clarke at eclarke@sedibeloresources.com.