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AuKing Mining Limited (ASX:AKN)

ALERT: Price-sensitive ASX Announcement for AKN
Current share price for AKN : $0.016 -0.005 (-23.81%)+
Announcement
Release
5 Aug 2026 8:25AM
Price at Release
$0.021
Full Release
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Summary
AuKing Mining Limited (ASX: AKN) announced that it signed an underwriting agreement with GBA Capital Pty Ltd to fully underwrite unexercised options of the company at $0.03 each, expiring on 30 April 2027. This agreement ensures that AuKing will raise approximately $9,142,021 through the exercise of up to 304,734,034 options. The agreement with GBA is on standard commercial terms and includes market-standard underwriting fees and various termination conditions. Shortfall shares issued due to unexercised options will comply with ASX rules and are expected to be issued by 7 May 2027. The underwriting agreement aims to provide funding certainty to the company, and GBA is not a related party to AuKing Mining.
Key Points
  • AuKing Mining has entered into an underwriting agreement with GBA Capital.
  • The agreement underwrites up to 304,734,034 unexercised options at $0.03 each.
  • Expected fundraising through this agreement is about $9,142,021.
  • Agreement includes standard commercial underwriting terms and fees.
  • Termination events are specified under the underwriting agreement.
  • Shortfall shares to be issued as per ASX Listing Rule 7.2.
  • GBA Capital is not a related party to AuKing Mining.
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.