InvestSMART

Connected Minerals Limited (ASX:CML)

ALERT: Price-sensitive ASX Announcement for CML
Current share price for CML : $0.320 -0.03 (-8.57%)+
Announcement
Release
6 May 2026 3:21PM
Price at Release
$0.350
Full Release
download
Summary
Connected Minerals Limited (CML) provided a response to an ASX Aware letter, addressing their announcement regarding the acquisition of a significant carbonatite complex in Angola and a $4.5 million capital raising. The company confirmed that these details are material and should affect the value of their securities. CML explained that the transaction agreement was executed on 2 May 2026, and the capital raising terms were finalized on 1 May 2026. CML argued that until these agreements were complete, the information was confidential and did not warrant earlier disclosure. The company also confirmed compliance with ASX Listing Rules and stated that all responses were authorized by their board or an officer with delegated authority.
Key Points
  • CML entered a binding agreement to acquire 100% of Frontier Group CRM Pty Ltd.
  • CML proposes a $4.5 million capital raising for the acquired asset.
  • CML confirmed the material effect of these announcements on securities.
  • The transaction agreement was executed on 2 May 2026.
  • Capital raising terms were confirmed on 1 May 2026.
  • CML maintained confidentiality until agreements were finalized.
  • ASX questioned the timing and disclosure obligations under Listing Rules.
  • CML confirms compliance with ASX Listing Rule 3.1.
  • All responses were authorized by the board or an officer.
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.