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Bison Resources Limited (ASX:BSR)

ALERT: Price-sensitive ASX Announcement for BSR
Current share price for BSR : $0.310 -0.105 (-25.30%)+
Announcement
Release
29 Jul 2026 8:24AM
Price at Release
$0.415
Full Release
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Summary
Bison Resources Limited, which began trading on the ASX on April 16, 2026, had cash reserves of approximately A$5.027 million as of June 30, 2026. During the quarter, the company spent A$300,000 on exploration activities but did not engage in mining production or development activities. The company successfully raised A$5.5 million through an Initial Public Offering and appointed Tim Mackellar as CEO on June 2, 2026. The Appendix 5B cash flow report highlights a net cash inflow from financing activities of A$5.060 million for the quarter and provides a detailed comparison of fund allocation against the Prospectus.
Key Points
  • Bison Resources Limited commenced trading on the ASX on April 16, 2026.
  • The company held cash reserves of approximately A$5.027 million at the end of June 2026.
  • Exploration activities during the quarter totaled A$300,000.
  • No mining production and development activities occurred during the quarter.
  • The company raised A$5.5 million through an Initial Public Offering.
  • Tim Mackellar was appointed as the Chief Executive Officer on June 2, 2026.
  • Net cash from financing activities was A$5.060 million for the current quarter.
  • The quarter's cash flow report includes a comparison of fund usage as per the Prospectus.
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.