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Aldoro Resources Ltd (ASX:ARN)

ALERT: Price-sensitive ASX Announcement for ARN
Current share price for ARN : $0.245 -0.04 (-14.04%)+
Announcement
Release
20 Jul 2026 1:23PM
Price at Release
$0.285
Full Release
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Summary
Aldoro Resources Ltd has announced securing A$4.3 million via unsecured Convertible Notes to advance development projects like the Kameelburg Critical Minerals Project. The Convertible Notes, which carry a 12-month term and an 8% interest rate, offer a conversion price based on a 20-day VWAP, capped at A$1.00 and floored at A$0.365 per share. This funding mechanism is intended to provide immediate financial certainty, support significant developmental milestones, and minimize shareholder dilution. Additionally, Aldoro is considering a secondary listing on the Hong Kong Stock Exchange to expand its investor reach.
Key Points
  • Aldoro Resources Ltd (ASX: ARN) has secured A$4.3 million in funding through unsecured Convertible Notes.
  • The Convertible Notes have a 12-month term with an 8% per annum interest rate.
  • Conversion price is based on a 20-day Volume Weighted Average Price (VWAP) prior to conversion, subject to a floor of A$0.365 and a ceiling of A$1.00 per share.
  • The funding will support the development of the Kameelburg Critical Minerals Project and other initiatives.
  • Aldoro is exploring a secondary listing on the Hong Kong Stock Exchange to broaden its investor base.
  • The Convertible Notes provide financial flexibility and minimize shareholder dilution compared to conventional equity raising.
  • The funds will also be used for strategic land acquisitions, permitting, and feasibility studies.
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.