InvestSMART

AKORA Resources Limited (ASX:AKO)

ALERT: Price-sensitive ASX Announcement for AKO
Current share price for AKO : $0.081 0.006 (8%)+
Announcement
Release
15 May 2026 9:05AM
Price at Release
$0.075
Full Release
download
Summary
AKORA Resources Limited, an Australian company focused on developing iron ore projects in Madagascar, announced a non-renounceable entitlement offer for shareholders. The offer is set at one new share for every nine shares held, priced at $0.08 per share, aiming to raise approximately $1.7 million before costs. The proceeds will support mine development activities, project financing discussions, community engagement, and general working capital. Eligible shareholders are those with registered addresses in Australia or New Zealand, holding shares as of the record date. The offer is not underwritten, and applications for additional shares may be made if a shortfall exists. The offer closes on June 5, 2026.
Key Points
  • AKORA Resources Limited announced a non-renounceable entitlement offer.
  • One new share for every nine shares held at $0.08 per share.
  • The offer aims to raise approximately $1.7 million before costs.
  • Funds will support mine development, financing discussions, and community initiatives.
  • Eligible shareholders must have registered addresses in Australia or New Zealand.
  • The offer is not underwritten, and additional shares can be applied for if a shortfall exists.
  • Offer closes on June 5, 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.