Fortress Minerals to subscribe 162.6 million Norwest Minerals shares after entitlement shortfall

SGX Filings

Aug 12

FORTRESS MINERALS LIMITED announced the fulfilment of conditions for its underwriting agreement with Norwest Minerals Limited, clearing the way for the Singapore-listed iron ore producer to take up shortfall shares from Norwest’s recent entitlement offer.

The company said it received a shortfall notice on Aug, 05 2026 and will subscribe for 162,614,060 Norwest Minerals shares at AUD 0.007 each, for a total consideration of about AUD 1.14 million.

Fortress Minerals plans to lodge the application and make payment within five business days, after which the shares are expected to be allotted. The board indicated it will provide further updates on the entitlement offer as material developments arise.

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