Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
AuKing Mining Ltd ( (AU:AKN) ) has issued an announcement.
AuKing Mining shareholders have overwhelmingly approved all eight resolutions put to an extraordinary general meeting, enabling a series of equity and option issuances as well as ratifying prior capital raisings and a financing facility. The measures include approval for advisor shares to CoPeak Pty Ltd and Spark Plus Pte Ltd, ratification of an 80 million-share placement and associated 40 million free-attaching options, issuance of 10 million options to lead manager GBA Capital, and ratification of convertible notes and related share issues under the RiverFort facility, along with up to 20 million shares to complete the Grand Codroy acquisition. The near-unanimous support, with around 99.8% of votes cast in favour across resolutions, strengthens AuKing’s capital base, secures advisory and funding arrangements, and clears the way for its acquisition and growth initiatives.
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 Australia-based resources company listed on the ASX, focused on mineral exploration and development. The company is engaged in acquiring and advancing mining assets, including projects such as the Grand Codroy acquisition, as it seeks to expand its portfolio and strengthen its position in the mining sector.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.05M
See more insights into AKN stock on TipRanks’ Stock Analysis page.