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AKORA Resources Limited (ASX:AKO)
ALERT: Price-sensitive ASX Announcement for AKO
Current share price for AKO : $0.084 0.007 (9.09%)+
Announcement
Release
1 Jul 2026 10:35AM
Price at Release
$0.077
Full Release
Summary
AKORA Resources Limited announced the closure of its Entitlement Offer with a remaining shortfall of $1,535,967, which has now been placed. Additionally, sophisticated investors have participated in a placement totaling $1,700,000 at a rate of $0.08 per share. These funds will support mine development activities under a newly granted mining permit for the Bekisopa Iron Ore Project in Madagascar, which aims to produce high-grade iron ore for greener steel production. The announcement was authorized by the Board of AKORA Resources Limited.
Key Points
- Entitlement Offer Shortfall of $1,535,967 placed.
- Sophisticated investors invested $1,700,000 at $0.08 per share.
- Funds to progress mine development and strategic discussions.
- Bekisopa Iron Ore Project in Madagascar as a key focus.
- Production of high-grade iron ore for greener steel technology.
- Announcement approved by the Board of AKORA Resources Limited.
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.
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