Audalia Resources Limited (ASX:ACP)

ALERT: Price-sensitive ASX Announcement for ACP

Current share price for ACP : $0.025 0 (0%)⁺

Announcement

Update of Funding and Capital Raising

Release

29 Jun 2026 9:49AM

Price at Release

$0.025

Full Release

Summary

Audalia Resources Limited (ASX: ACP) announced plans to raise $450,000 through the placement of 15,000,000 fully paid ordinary shares at an issue price of $0.03 per share to a sophisticated investor. The placement is expected to be completed around 6 July 2026 using the company's available capacity under Listing Rule 7.1A. Funds from this placement will be used to advance the Medcalf project towards production and to supplement general working capital. Audalia is actively exploring all funding options to secure the necessary regulatory approvals and permits for the Medcalf Project development.

Key Points

Audalia Resources Limited to raise $450,000 through share placement.
15,000,000 shares to be issued at $0.03 each.
Funds to advance Medcalf project and supplement working capital.
Placement completion expected around 6 July 2026.
Placement uses capacity under Listing Rule 7.1A.
Company assessing funding alternatives for Medcalf Project regulatory approvals.

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.