EVEREST GOLD (01815.HK): 277m new shares issued, HKD 442.7m net raised
- Total subscription consideration of HKD 443.2 million was received in full, with net proceeds of about HKD 442.7 million after expenses.
- The new shares represent about 16.34% of the enlarged share capital; about 90% of the net proceeds funds gold bar business working capital.
NewTimeSpace News: On 13 November 2026, Mount Everest Gold Group Company Limited (stock code: 01815) announced completion of the subscription of new shares under a general mandate. It received the full subscription consideration of HKD 443.2 million under all six agreements, all conditions precedent were fulfilled, and 277,000,000 shares were issued to six subscribers at HKD 1.60 each on 13 November 2026. Net proceeds were about HKD 442.7 million.
The shares represent 19.54% of the issued capital before completion and 16.34% of the enlarged capital. About 90% of the net proceeds will fund working capital for the gold bar business and 10% for general working capital. Afterwards, China Silver Group Limited's stake fell from 35.27% to 29.50%, so it ceased to be the controlling shareholder but remains the single largest shareholder, and its non-competition undertaking terminated. Public float was 46.14%.
- EVEREST GOLD (01815.HK): Raises HKD 443.2m in 277m New Shares at 17.95% Discount
- EVEREST GOLD(01815.HK): Initial Exploration Progress Achieved at Shannan Mine and Shigatse Mine; Gold Mineralised Zone Delineated in Gudui Area
- EVEREST GOLD(01815.HK) closed 19.2% higher on Jul 23, leading the gains in Hang Seng Gold & Precious Metals Sector
- EVEREST GOLD(01815.HK) closed 8.49% lower, the Hang Seng Gold & Precious Metals Sector posted broad declines
