InvestSMART

Taiton Resources Limited (ASX:T88)

ALERT: Price-sensitive ASX Announcement for T88
Current share price for T88 : $0.054 -0.046 (-46%)+
Announcement
Release
6 Oct 2025 4:59PM
Price at Release
$0.100
Full Release
download
Summary
Taiton Resources Limited (ASX: T88) announced the issuance of 13,348,000 new fully paid ordinary shares to sophisticated and professional investors as part of a placement strategy. This is part of a capital raising initiative previously announced on 2 October 2025. An additional 5,000,000 ordinary shares are expected to be issued under Tranche 1 in the near future. Taiton has also issued 1,500,000 options under the Taiton Employee Securities Incentive Plan. The issuance was done without disclosure to investors under Part 6D.2, relying on Section 708A(5) of the Corporations Act. The company has confirmed compliance with relevant sections of the Corporations Act and communicated there is no excluded information regarding this issuance. The funds raised will support exploration efforts, notably at the Challenger West and Yogi prospect locations.
Key Points
  • Issued 13,348,000 new ordinary shares to investors.
  • Additional 5,000,000 shares to be issued under Tranche 1.
  • 1,500,000 options issued under Employee Securities Incentive Plan.
  • Shares issued without disclosure under Part 6D.2 of the Corporations Act.
  • No excluded information as per Sections 708A(7) and (8) of the Corporations Act.
  • Funds to support exploration at Challenger West and Yogi prospect.
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.