InvestSMART

Antilles Gold Limited (ASX:AAU)

ALERT: Price-sensitive ASX Announcement for AAU
Current share price for AAU : $0.006 -0.007 (-53.85%)+
Announcement
Release
25 Feb 2026 9:18AM
Price at Release
$0.013
Full Release
download
Summary
Antilles Gold Limited has announced a proposed issue of securities to director John Zhang to maintain his 20.0% shareholding. The proposal requires shareholder approval at a General Meeting on 16 April 2026, as per ASX Listing Rule 10.11. Mr. Zhang currently holds approximately 18.96% of the company's shares, and the issuance could involve up to 40,575,336 new shares if his holding does not increase through market purchases. The issue price will be determined based on the greater of the 5-day VWAP or the last third-party placement price. Additionally, the placement to Mr. Zhang includes free unlisted options with a conversion deadline of 31 December 2027. Separate approval under section 611 of the Corporations Act will be required for potential shareholding exceeding 20.0%.
Key Points
  • Antilles Gold Limited (ASX: AAU) plans to issue securities to director John Zhang.
  • John Zhang aims to maintain a 20.0% shareholding in Antilles Gold.
  • Shareholder approval will be sought under ASX Listing Rule 10.11.
  • A General Meeting is scheduled for 16 April 2026.
  • Mr. Zhang currently holds 18.96% of shares.
  • Up to 40,575,336 new shares may be issued to Mr. Zhang.
  • The issue price will be determined by the 5-day VWAP or the last third-party placement price.
  • Placement includes free unlisted options convertible to shares by 31 December 2027.
  • Approval under section 611 of the Corporations Act will be separately sought.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.