The rights issue is partially underwritten by Mahe Capital Pty Ltd for A$1.5 million before costs. Every two new shares issued under the offer will carry one free-attaching option exercisable at A$0.03, expiring 30 months after the first issue of options under the rights issue.
Flynn Gold said proceeds are intended primarily for resource-definition drilling at its Golden Ridge project, completion of the Firetower maiden mineral resource estimate, general working capital and corporate costs, and offer costs. The company said these proposed uses are indicative and may change depending on the amount raised.
The prospectus is dated 25 September 2026 and was lodged with ASIC on that date. The stated closing date is 16 October 2026, with a proposed issue date of 23 October 2026; Flynn Gold noted that these dates are indicative and may change without notice.
Source: Download FG1 official ASX announcement, 2026-09-25.
Announcement page from Flynn Gold Limited’s Rights Issue Prospectus dated 25 September 2026.