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Fin Resources Limited (ASX:FIN)

ALERT: Price-sensitive ASX Announcement for FIN
Current share price for FIN : $0.005 0 (0%)+
Announcement
Release
3 Aug 2026 9:31AM
Price at Release
$0.005
Full Release
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Summary
FIN Resources Limited (ASX: FIN) announced the successful completion of a placement to raise A$1,700,000 through the issuance of 425,000,000 shares at A$0.004 each, with attached options. The funds will primarily finance the next phase of diamond drilling at the Cabin Lake Gold Project in Canada, where FIN holds a 100% interest. The placement was co-managed by GBA Capital, Max Capital, and Peak Asset Management, and includes 14 high-priority undrilled exploratory targets. It's part of a broader strategy to enhance geological understanding and refine target selection. The placement options will expire on December 31, 2028, and additional options will be issued to the managers, pending shareholder approval.
Key Points
  • FIN Resources Limited has completed a placement of 425,000,000 shares at A$0.004 each to raise A$1,700,000.
  • Each share comes with one free attaching option, exercisable at A$0.008, expiring on December 31, 2028.
  • The funds will be used for FIN's diamond drilling program at the Cabin Lake Gold Project and other operational expenses.
  • The placement was managed by GBA Capital Pty Ltd, Max Capital Pty Ltd, and Peak Asset Management Pty Ltd.
  • The Cabin Lake Gold Project is located in Canada's Northwest Territories, known for historical gold production.
  • The project includes 14 high-priority undrilled targets for exploration.
  • FIN Resources Limited owns a 100% interest in the Cabin Lake Gold Project.
  • The company will issue 63,750,000 options to the joint lead managers, subject to shareholder approval.
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.