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Minbos Resources Limited (ASX:MNB)

ALERT: Price-sensitive ASX Announcement for MNB
Current share price for MNB : $0.018 -0.005 (-21.74%)+
Announcement
Release
20 Jul 2026 9:20AM
Price at Release
$0.023
Full Release
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Summary
Minbos Resources Limited announced the successful completion of a A$4.0 million placement to sophisticated and professional investors, which was well received by existing and new investors. The funds will be used to advance the Cabinda Phosphate Project in Angola towards first production and revenue generation. The placement is structured in two tranches, with the first tranche being issued under the company's existing placement capacity and the second tranche subject to shareholder approval. The placement also involves the issuance of free attaching options, and the funds raised will support various project-related activities including satisfying conditions for financing facilities and supporting ongoing operations. Alpine Capital Pty Ltd acted as the lead manager for the placement.
Key Points
  • Minbos raised A$4.0 million through a placement.
  • Funds are for the Cabinda Phosphate Project in Angola.
  • Placement is in two tranches, with shareholder approval required for the second.
  • Free attaching options issued alongside shares.
  • Proceeds will support project milestones, including financing and operational activities.
  • Alpine Capital Pty Ltd was the 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.