INVESTOR CENTRE
Peako Shareholder Entitlement Offer


Peako is delighted to offer eligible shareholders the opportunity to participate in our Entitlement Offer, as announced to the ASX on 31 August 2023.

It allows eligible shareholders the opportunity to subscribe for Peako shares under a 1 for 3  pro-rata non-renounceable Entitlement Offer (New Shares) at the price of $0.007 per Peako share (Offer Price). Additionally, for every new Share subscribed for, eligible shareholders will receive 1 free option exercisable at $0.02 each on or before 30 November 2026.

Eligible Shareholders are also invited to apply for additional shortfall shares beyond their 1 for 3 entitlements.

Australian resident Eligible Shareholders who subscribe for new shares under the offer will also be entitled to receive Junior Mineral Exploration Incentive (JMEI) credits.

The Issue Price of the New Shares ($0.007) represents a 14.5% discount to the 30 day volume-weighted average price (VWAP) of Shares as at 30 August 2023 (being $0.0082).

Participation in the Entitlement Offer is open to all holders of Peako shares with a registered address in Australia and New Zealand on the Record Date at 7:00pm (AEST) on 5 September 2023.

The shares issued under the Entitlement Offer will rank equally in all respects with Peako’s existing shares.
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More information regarding the Entitlement Offer is set out in the Prospectus


The Target Market Determination for the Options offered under the Prospectus can be viewed using the link below.

Target Market Determination


All eligible shareholders should consider the Prospectus with care before making a decision on whether or not to participate in the Entitlement Offer. If an eligible shareholder wishes to acquire securities under the Entitlement Offer, they will need to apply for New Shares in accordance with the directions in the Entitlement Form sent to them by Automic Registry Services.

The Entitlement Offer includes the ability for Eligible Shareholders to apply for additional shares not taken up by other Eligible Shareholders.
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Frequently asked questions

Full details of the Entitlement Offer are set out in the Prospectus.

How do I know if I am eligible to participate in the Entitlement Offer?

‍Eligible Shareholders are those Shareholders who are registered as the holder of Shares at 7.00pm (AEST) on 5 September 2023 (Record Date) and who:

  • Have a registered address listed on the Company’s share register in Australia and
    New Zealand;
  • Are not in the United States and are not acting for the account or benefit of a
    person in the United States; and
  • Are eligible under all applicable securities laws to receive an offer under the
    Entitlement Offer.

What choices do I have under the Entitlement Offer?

Before taking any action in relation to the Entitlement Offer, you should read the Prospectus in its entirety, and seek professional advice from your professional adviser.

You may:

  1. take up all of your Entitlement to new Shares (and New Options); or
  2. take up part of your Entitlement to new Shares (and New Options) and allow the balance to lapse, in which case you will receive no value for those lapsed Entitlements; or
  3. do nothing and allow all of your Entitlement to new Shares (and New Options) to lapse, in which case you will receive no value for those lapsed Entitlements
  4. take up all of your Entitlement to new Shares (and New Options) and apply for Additional Shares (and New Options) in excess of your Entitlement; or

Eligible Shareholders who do not participate in the Entitlement Offer, or participate for an amount that is less than their full Entitlement, will have their percentage Shareholding in the Company reduced or diluted.

How do I find my Entitlement?

Eligible Shareholders will receive a personalised Entitlement Form setting out their Entitlement with the copy of this Prospectus sent to them. Shareholders, who are not Eligible Shareholders, will not receive an Entitlement Form.

Eligible Shareholders’ Entitlements to New Shares and New Options will be shown on the Entitlement Form accompanying the Prospectus sent to them.

Can I apply for Additional Shares?

Yes. Eligible Shareholders will also be given first opportunity to apply for additional shortfall shares beyond their 1 for 3 entitlements. In the event that demand for the additional shortfall shares exceeds the number of shortfall shares that are available (if any), then there will be a scale back on a pro-rata basis in accordance with their entitlement.

You can apply for Additional Shares on the Entitlement Form sent to you with a copy of the Prospectus and sending it to the Share Registry together with making payment by BPAY or electronic transfer in the amount of Entitlement and Shortfall Shares applied for.

What about JMEI Credits?

The Company has been granted Junior Mineral Exploration Incentive (JMEI) credits for distribution to Australian resident shareholders who acquire new Peako shares (“Eligible Investors”) after 1 July 2023 and prior to 30 June 2024.

Australian resident shareholders that participate in the Entitlement Offer can expect to receive JMEI credits which they can offset directly against tax payable.

By way of illustration, assuming the Entitlement Offer is fully subscribed, shareholders participating in the Entitlement Offer may receive JMEI credits of up to $0.0014 (0.14 cents) per New Share. An Australian resident taxpayer subscribing for $10,000 in New Shares would, in this example, receive JMEI credits of $1,400 which would reduce their income tax payable by $1,400.  The illustrative JMEI credit of $0.0014 (0.14 cents) per New Share is calculated as shown below:

Should additional equity be raised, other than via the current Entitlement Offer, then the JMEI credit per share calculation can be expected to differ including as follows:

  • Total JMEI credit available for distribution will increase where additional greenfield exploration expenditure is incurred (up to a maximum allocation of $1,125,000)
  • The total number of shares issued in the period 1 July 2023 to 30 June 2024 will increase where new shares are issued in addition to those under the Entitlement Offer
  • The resulting JMEI credit/new share would change to reflect the total JMEI credit divided by the total number of shares issued between 1 July 2023 and 30 June 2024

Shareholders are encouraged to seek independent tax advice specific to their personal circumstances before participating in the Entitlement Offer

How do I apply / pay for the new Shares?

Please refer to the instructions on the personalised Entitlement and Application Form sent to Eligible Shareholders with a copy of the Prospectus.

Payment may be made via BPAY® of EFT.

Eligible Shareholders should note:

  • You should make your payment in respect of your Application Money via BPAY® or via EFT payment for the number of New Shares you wish to subscribe for (being the Offer Price of $0.007 multiplied by the number of new Shares you are applying for, including any Additional Shares).
  • Please follow the instructions on your personalised Entitlement Form (which includes the Biller Code and your unique Reference Number).
  • Your BPAY® payment or EFT payment must be received by no later than 5:00 p.m. (AEST) on the Closing Date. Shareholders should be aware that their own financial institution may impose earlier cut off times with regards to electronic payment, and should therefore take this into consideration when making payment. It is the responsibility of the applicant to ensure that funds submitted through BPAY® or via EFT are received by this time.
  • You do not need to submit your Entitlement Form but, by making a payment through BPAY® or via EFT, you will be taken to have applied for the new Shares (and any Additional Shares) and made the declarations set out in the Entitlement Form.

Where do I send the Application form?

You do not need to submit your Entitlement Form but, by making a payment through BPAY® or via EFT you will be taken to have applied for the new Shares (and any Additional Shares) and made the declarations set out in the Entitlement Form.

When will I receive my Shares?

Issue of new Shares under the Entitlement Offer is expected to occur on 3 October 2023. Trading for new Shares under the Entitlement Offer is expected to commence on 4 October 2023.

How much is being raised?

The Entitlement Offer intends to raise up to $1.098 million before costs.

What is the money going to be used for?

Funds raised will provide working capital for Peako to advance exploration at its projects including its Eastman PGE Project in the East Kimberley where results from a recently completed 1,500m RC drill program are expected in October.

Why is the offer only available to Australia and New Zealand shareholders?

Due to foreign securities laws, it is not practical for shareholders (or beneficial shareholders) resident in other countries to be offered the opportunity to participate in the Entitlement Offer.

What is the Offer Price?

The price of shares to be issued under the Entitlement Offer is $0.007.

Shareholders will also be issued a free unlisted option, exercisable at $0.02 on or before 30 November 2026, on the basis of one option granted for every share issued.

How will the Options be issued?

Once issued, the Company’s share registry will mail each participant a holding statement via post which confirms their option allotment and includes a unique SRN for the options. This SRN will be required to add the Options to a registry or broker account and to exercise the options.

How many Options will participants receive?

Participants will receive one option for every share they are issued under the offer. For example, if a participant is issued 10,000 shares they would also be granted 10,000 options.

How do I apply if I did not receive a Prospectus or Application Form?

If you did not receive the Prospectus or Entitlement Form and are an Eligible Shareholder, you should contact Automic Registry Services on 1300 288 664.