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Audalia Resources Limited (ASX:ACP)

ALERT: Price-sensitive ASX Announcement for ACP
Current share price for ACP : $0.025 0.002 (8.70%)+
Announcement
Release
16 Apr 2026 8:48AM
Price at Release
$0.023
Full Release
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Summary
Audalia Resources Limited announced their intention to raise $450,000 through the issue of 15 million fully paid ordinary shares at a price of $0.030 each to a sophisticated investor, with the placement expected to complete by April 22, 2026. This capital raising falls under the company's available capacity in accordance with Listing Rule 7.1A. The funds are earmarked for advancing the Medcalf Project, including mining design, permits, approvals, and general working capital needs. Additionally, Audalia is evaluating further funding options to support the project's development by securing necessary regulatory approvals.
Key Points
  • Audalia Resources Limited plans to raise $450,000 through placement of 15,000,000 shares.
  • The shares will be issued at $0.030 per share to a sophisticated investor.
  • Placement completion is expected by April 22, 2026, using capacity under Listing Rule 7.1A.
  • Funds will be used for the Medcalf Project's mining design, permits, approvals, and working capital.
  • Audalia is exploring further funding options to secure regulatory approvals for Medcalf Project development.
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.