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Manuka Resources Ltd (ASX:MKR)

ALERT: Price-sensitive ASX Announcement for MKR
Current share price for MKR : $0.081 -0.049 (-37.69%)+
Announcement
Release
15 May 2026 4:35PM
Price at Release
$0.130
Full Release
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Summary
Manuka Resources Limited (ASX: MKR) announced that it has entered into an underwriting agreement with Claymore Capital Pty Ltd to underwrite the exercise of up to 11,335,995 unexercised 'MKRAZ' options, each expiring at 5pm on 15 May 2026 with an exercise price of $0.06. The agreement will see the Underwriter subscribe for or procure subscriptions for shares equivalent to the number of unexercised options, aiming to issue a total of 42,017,242 shares, raising approximately $2.5 million. Sub-underwriting arrangements are also in place with sophisticated investors, and no fees are payable to the Underwriter. The issuance of Underwritten Shares is scheduled for completion by 22 May 2026 and will adhere to ASX Listing Rules.
Key Points
  • Manuka Resources Limited enters underwriting agreement with Claymore Capital Pty Ltd.
  • Up to 11,335,995 'MKRAZ' options will be underwritten, expiring on 15 May 2026.
  • Options have an exercise price of $0.06.
  • Total of 42,017,242 shares expected to be issued, raising approximately $2.5 million.
  • Sub-underwriting agreements are in place with sophisticated investors.
  • No fees are payable to the Underwriter.
  • Issuance of Underwritten Shares to be completed by 22 May 2026 in accordance with ASX rules.
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.