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Cassius Mining Limited (ASX:CMD)

ALERT: Price-sensitive ASX Announcement for CMD
Current share price for CMD : $0.018 -0.006 (-25%)+
Announcement
Release
12 Aug 2026 11:10AM
Price at Release
$0.024
Full Release
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Summary
Cassius Mining Limited announced a successful capital raise of $2 million through a share placement to professional and sophisticated investors at $0.02 per share. The funds are intended to advance the Soalara Limestone Project in Madagascar and support ongoing international arbitration against the Government of Ghana. The placement was unbrokered and did not have a lead manager, yet was strongly supported, reflecting significant investor confidence in the company's strategy. Trading of the new shares is set to commence on the ASX on 19 August 2026.
Key Points
  • $2 million successfully raised through a placement at $0.02 per share.
  • The placement was supported by professional and sophisticated investors.
  • Funds will be used for the Soalara Limestone Project in Madagascar and international arbitration proceedings against the Government of Ghana.
  • Trading of the new shares is expected to start on ASX on 19 August 2026.
  • The placement was unbrokered, and AFSL holders will receive a 6% fee plus GST on the money raised.
  • Advisors will receive 2 million FPO CMD shares related to the capital raise.
  • The share issue price represents a 16.67% discount to the last ASX closing price.
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.