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AuKing Mining Ltd ( (AU:AKN) ) has shared an update.
AuKing Mining Ltd has announced a proposed capital raising through a placement involving the issue of up to 428,571,429 new fully paid ordinary shares and a total of 453,571,429 unlisted options, each with an exercise price of $0.005 and expiring on 31 December 2029. The proposed securities, scheduled for issue on 21 January 2026, are intended to strengthen the company’s capital base and provide funding flexibility for its ongoing exploration and development activities, potentially affecting its capital structure and ownership dilution for existing shareholders while supporting its operational and growth plans in the mining sector.
The most recent analyst rating on (AU:AKN) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on AuKing Mining Ltd stock, see the AU:AKN Stock Forecast page.
More about AuKing Mining Ltd
AuKing Mining Ltd is an Australian-listed resources company (ASX: AKN) operating in the mining sector. It is focused on the exploration and development of mineral projects, with its primary activities centred on discovering and advancing resource assets to production for the benefit of its shareholders.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.95M
Learn more about AKN stock on TipRanks’ Stock Analysis page.