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Conico Ltd (ASX:CNJ)

ALERT: Price-sensitive ASX Announcement for CNJ
Current share price for CNJ : $0.008 0.001 (14.29%)+
Announcement
Release
9 Dec 2025 9:46AM
Price at Release
$0.007
Full Release
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Summary
Conico Ltd has announced a share placement and a non-renounceable pro-rata entitlement offer to raise capital, with the share placement to sophisticated and professional investors raising $300,000 before costs. The entitlement offer, expected to raise approximately $2.5 million, is available to shareholders in Australia and New Zealand registered as of 17 December 2025. Templar Corporate will manage and underwrite the offer. The raised funds will be used for drilling at the Mt Thirsty joint venture, exploration in Greenland, other opportunities, and working capital. Additionally, changes to the board include the appointment of Guy Le Page as Executive Chairman.
Key Points
  • Conico Ltd announces a share placement and entitlement offer.
  • Placements to sophisticated investors to raise $300,000.
  • Entitlement offer to raise approximately $2.5 million.
  • Funds to be used for Mt Thirsty drilling and Greenland exploration.
  • Templar Corporate to manage and underwrite the offer.
  • Guy Le Page appointed as Executive Chairman.
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.