Welcome to the Toro Energy Share Purchase Plan Information Portal.

As a valued shareholder, we invite you to browse this page for all relevant news about the opportunity and the company.

Plan Details

The Directors of Toro Energy Limited (Company) are pleased to announce details of a Share Purchase Plan (Plan) which will be offered to eligible shareholders on Friday 25 May 2018.

The record date to establish entitlement to the Plan for eligible shareholders is Wednesday 30 May 2018.

Under the Plan eligible shareholders will be offered the opportunity to acquire up to $15,000 of fully paid ordinary shares in the capital of the Company (New Shares) at an issue price of $0.025 per New Share, being up to 600,000 New Shares per eligible shareholder, without incurring brokerage or other transactional charges (Offer). The Offer has been attractively priced for the benefit of existing eligible shareholders.

Participation in the Plan is optional and is open to all shareholders other than shareholders who have registered addresses in countries outside Australia or New Zealand where in the reasonable opinion of the Company participation by a shareholder in that country is unlawful or impracticable.

Shareholders can request an online application form to subscribe for New Shares under the Offer below.

Use of Funds

Funds raised by the Company in connection with the Offer will be applied to:

  • Technological advancements to reduce capital and operating expenses in the uranium process flow sheet for the Wiluna Uranium Project, by undertaking further beneficiation and process studies, as detailed below.
  • Activities and studies to advance exploration for gold on the Company’s Yandal Gold Project, located within the world class Yandal gold district, as detailed below.
  • General working capital.

Toro remains focused on the long-term feasibility of uranium production for its shareholders, however the Company has an opportunity to further advance the Lake Maitland tenure within the Wiluna Uranium Project, by undertaking activities and studies to advance exploration for gold on that area, which is located in a highly prospective Yandal Greenstone Belt.

While Toro advances the Yandal Gold Project, it will continue working on beneficiation and process design studies for its Wiluna Uranium Project in preparation for a final investment decision when the appropriate market conditions exist. According to the World Nuclear Association, as of February 2018 there were 448 operable civil nuclear reactors globally but another 57 under construction, 158 planned and 351 proposed which highlights growing demand for nuclear power.

Toro has appointed OzFinancial Australia to assist with the management of the Offer. If you have any questions or need any further assistance, they can be contacted on (03) 8080 5795 or at [email protected].

Investment Overview

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