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AuKing Mining Ltd ( (AU:AKN) ) has provided an announcement.
AuKing Mining Limited has secured binding commitments from sophisticated and professional investors to raise approximately A$1.5 million via an unbrokered share placement, issuing 428,571,429 new shares at A$0.0035 each with one free-attaching option per share, exercisable at A$0.005 and expiring on 31 December 2029. The capital will be raised in two tranches, with the first using existing placement capacity and the second subject to shareholder approval at an extraordinary general meeting expected in February 2026; proceeds will be directed toward advancing exploration programs, evaluating strategic opportunities, providing working capital and covering placement costs, while also offering fee-based incentives and additional options to AFSL-licensed participants who assist in the raising.
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 Limited is an Australian resources company listed on the ASX that focuses on mineral exploration and project development. The company’s activities center on advancing its exploration programs and assessing strategic growth opportunities within the mining sector.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.95M
Learn more about AKN stock on TipRanks’ Stock Analysis page.