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Krakatoa Resources Limited (ASX:KTA)

ALERT: Price-sensitive ASX Announcement for KTA
Current share price for KTA : $0.007 -0.004 (-36.36%)+
Announcement
Release
20 Nov 2025 7:55PM
Price at Release
$0.011
Full Release
download
Summary
Krakatoa Resources Limited has issued an Options Prospectus for the offer of up to 147,619,024 New Options to participants in a Placement and 90,000,000 New Options to Joint Lead Managers. The Placement aims to raise $3.1 million through a two-tranche placement of shares to institutional and sophisticated investors, with funds allocated for the company's Zopkhito Antimony-Gold Project. No cash consideration is required for the New Options, which are exercisable at $0.02 each until 29 September 2028. The Offers are not underwritten, and the New Options are being issued as free attaching Options and as consideration for services provided by the Lead Managers. The Prospectus is a transaction specific prospectus under section 713 of the Corporations Act and is intended to be read with the company's publicly available information.
Key Points
  • Krakatoa Resources Limited issued an Options Prospectus on 20 November 2025.
  • The Offers include up to 147,619,024 New Options for Placement participants and 90,000,000 New Options for Joint Lead Managers.
  • The Placement aims to raise $3.1 million through a two-tranche placement of shares.
  • Funds from the placement will support the Zopkhito Antimony-Gold Project.
  • The New Options are exercisable at $0.02 each, expiring on 29 September 2028.
  • The Offers are not underwritten and are issued as free attaching Options and consideration for services.
  • The Prospectus is a transaction specific prospectus under section 713 of the Corporations Act.
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.