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Industrial Minerals Ltd (ASX:IND)

ALERT: Price-sensitive ASX Announcement for IND
Current share price for IND : $0.125 -0.02 (-13.79%)+
Announcement
Release
21 May 2026 3:36PM
Price at Release
$0.145
Full Release
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Summary
The document contains Industrial Minerals Ltd's response to an ASX Aware Query concerning their recent activities involving a significant acquisition and capital raising efforts. The company entered into a binding agreement to acquire the Laverton Gold Portfolio and proposed a two-tranche placement to raise up to $3 million for exploration and associated costs. The document details the company's compliance with ASX's continuous disclosure obligations and confirms that all responses were authorized and approved by the board. Furthermore, it addresses the timing of announcements relative to market information disclosure requirements.
Key Points
  • IND entered a binding agreement to acquire the Laverton Gold Portfolio.
  • Drill results and exploration data from the Laverton Gold Portfolio were disclosed.
  • A proposal for a two-tranche placement to raise up to $3 million was made.
  • IND confirmed compliance with ASX Listing Rule 3.1.
  • All responses were authorized by the company's board or delegated 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.