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Koonenberry gold Limited (ASX:KNB)

ALERT: Price-sensitive ASX Announcement for KNB
Current share price for KNB : $0.024 0.003 (14.29%)+
Announcement
Release
21 Jul 2026 9:40AM
Price at Release
$0.021
Full Release
download
Summary
Koonenberry Gold Limited announced that it has secured firm commitments for a share placement, raising $4 million before costs, to fund exploration activities in New South Wales. The placement involves issuing 200 million new shares to professional and sophisticated investors at $0.02 per share, a price equal to its previous trading close and slightly below its five-day volume weighted average price. The funds will be used to accelerate drilling at the Enmore and Lachlan Projects, as well as to conduct soil sampling and geochemical/geophysical studies at the Gundagai Project. Directors are participating in the placement up to $225,000, pending shareholder approval. The placement will be settled on 24 July, with the issuance of new shares set for 27 July. Morgans Corporate Limited served as the sole lead manager for the placement.
Key Points
  • Koonenberry secures $4 million through share placement.
  • 200 million new shares issued at $0.02 per share.
  • Funds to support exploration in NSW, including Enmore and Lachlan Projects.
  • Directors participate in the placement subject to shareholder approval.
  • Settlement and issuance of shares scheduled for late July.
  • Morgans Corporate Limited acts as sole lead manager.
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.