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AuKing Mining Limited (ASX:AKN)

ALERT: Price-sensitive ASX Announcement for AKN
Current share price for AKN : $0.025 -0.003 (-10.71%)+
Announcement
Release
14 Jul 2026 9:23AM
Price at Release
$0.028
Full Release
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Summary
AuKing Mining Limited announced a successful A$5 million equity raising through a share placement, underscoring strong investor interest. The funds are intended to support the expansion of their drilling program at the Tundulu rare earths project in Malawi and provide flexibility for strategic opportunities and working capital. The placement was conducted at $0.025 per share for 200,000,000 new shares, managed by GBA Capital Pty Ltd and Whairo Capital Pty Ltd, with a 6% capital raising fee and additional AKNO options issued to managers.
Key Points
  • AuKing Mining Limited has secured A$5 million through a share placement.
  • The placement was supported by strategic investors and global funds.
  • Funds will be used to enhance drilling at Tundulu rare earths project in Malawi.
  • The placement priced at $0.025 per share, involving 200,000,000 new shares.
  • Shares will be issued under ASX Listing Rule 7.1A capacity.
  • Proceeds also provide flexibility for strategic opportunities and working capital.
  • GBA Capital Pty Ltd and Whairo Capital Pty Ltd managed the capital raising.
  • Management fees of 6% apply, with issuance of 35,000,000 AKNO options to managers.
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.