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Krakatoa Resources Limited (ASX:KTA)

ALERT: Price-sensitive ASX Announcement for KTA
Current share price for KTA : $0.005 -0.006 (-55%)+
Announcement
Release
4 Feb 2026 9:35AM
Price at Release
$0.010
Full Release
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Summary
Krakatoa Resources Limited announced securing a $1.25 million placement intended to advance the Zopkhito Antimony-Gold Project. The placement involves issuing 138,888,889 new fully paid ordinary shares at $0.009 each, with one free-attaching option for every two shares, exercisable at $0.02. The funds will be allocated towards geological modeling for the Phase 2 drilling program expected in Q2 2026, exploration activities, and metallurgical studies. The placement was supported by new and existing institutional investors. The Executive Chairman, Colin Locke, expressed gratitude for the strong support, noting the recent confirmation of high-grade antimony and gold mineralization at Zopkhito. The placement shares will be listed on ASX, with the indicative timetable including key dates for the settlement and quotation of new shares.
Key Points
  • Firm commitments received to raise $1.25 million via placement.
  • Placement at $0.009 per new share with free attaching option.
  • Funds to support Phase 2 drilling at Zopkhito in Q2 2026.
  • High-grade antimony and gold results confirmed recent exploration.
  • Executive Chairman thanked Lead Managers and welcomed new shareholders.
  • Placement involves 138,888,889 new shares to raise a total of $1.25 million.
  • Shares issued utilize available placement capacity under ASX Listing Rule 7.1.
  • Settlement and ASX quotation dates set for February 2026.
  • Lead Managers receiving a 6% fee on funds raised.
  • General Meeting scheduled to approve issue of Placement Options.
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.