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AKORA Resources Limited (ASX:AKO)

ALERT: Price-sensitive ASX Announcement for AKO
Current share price for AKO : $0.084 0 (0%)+
Announcement
Release
4 May 2026 10:20AM
Price at Release
$0.084
Full Release
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Summary
AKORA Resources Limited announced an equity raising initiative to accumulate approximately $3.3 million through a combination of a placement to sophisticated investors and a pro-rata non-renounceable entitlement offer to existing shareholders. This capital will support essential permitting, mine development activities, project financing discussions, community engagement, and general working capital. The placement involves issuing new shares at $0.08 each, with the entitlement offer allowing shareholders to subscribe for additional shares in a 1 for 9 ratio, priced similarly. Key dates in the process were highlighted, including its announcement on 4 May 2026 and the opening of the offer on 15 May 2026.
Key Points
  • Capital raising of approximately $3.3 million by AKORA Resources Limited.
  • The equity raising includes a placement to sophisticated investors and an entitlement offer to shareholders.
  • Funds will be used for mine development, project financing, community engagement, and working capital.
  • The placement involves issuing new shares at an offer price of $0.08 per share.
  • The entitlement offer allows shareholders to subscribe for 1 new share for every 9 held at the same price.
  • Entitlements are non-renounceable and will not be tradeable on the ASX.
  • Key dates include the announcement on 4 May 2026 and the offer opening on 15 May 2026.
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.