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Cassius Mining Limited (ASX:CMD)

ALERT: Price-sensitive ASX Announcement for CMD
Current share price for CMD : $0.030 -0.006 (-16.67%)+
Announcement
Release
12 Jun 2026 11:15AM
Price at Release
$0.036
Full Release
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Summary
Cassius Mining Limited has issued a prospectus for a Loyalty Options Offer, granting one New Option for every eight shares held by eligible shareholders in Australia and New Zealand, without any payment required. These options, exercisable at $0.03 each and expiring on 8 June 2029, are intended to reward shareholders while potentially raising $2,790,000 if all options are exercised, funds which will support working capital and exploration. The offer is non-renounceable and not underwritten, meaning shareholders cannot trade their entitlements. The company plans to list the options on the ASX, and no action is needed from shareholders to participate in the offer.
Key Points
  • The Loyalty Options Offer grants one New Option for every eight Shares held by Eligible Shareholders at no consideration.
  • Each New Option has an exercise price of $0.03 and an expiry date of 8 June 2029.
  • The Offer is non-renounceable and not underwritten, meaning entitlements cannot be traded or sold.
  • Approximately 93,000,000 New Options are expected to be issued, potentially raising $2,790,000 if all are exercised.
  • The funds raised from exercising New Options will be used for working capital and exploration activities.
  • Eligible Shareholders are those recorded on the Company’s share register with a registered address in Australia or New Zealand.
  • The New Options will be quoted on the ASX, subject to approval.
  • No application is required from Eligible Shareholders to receive New Options.
  • The Offer aims to reward shareholders and provide a potential source of capital for the company.
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.