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Diablo Resources Limited ( (AU:DBO) ) just unveiled an announcement.
Diablo Resources has completed Tranche 1 of its capital placement, issuing 58,800,000 fully paid ordinary shares at $0.013 each to raise $764,400 before costs from institutional, sophisticated, and existing investors. The shares were issued under the company’s existing placement capacities, and the board expressed appreciation to current shareholders while welcoming new investors.
The company plans to convene a shareholder meeting in June 2026 to seek approval for Tranche 2 of the placement, which would involve issuing 210,430,769 shares at the same price to raise a further $2,735,600 before costs. Diablo also lodged a cleansing notice under section 708A of the Corporations Act, confirming compliance with disclosure obligations and indicating there is no excluded information, which supports secondary trading of the new shares and underpins market confidence in the capital raising.
More about Diablo Resources Limited
Diablo Resources Limited is an Australia-based company listed on the ASX and OTCQB, operating in the resources sector. The company focuses on mineral exploration and development, targeting institutional, sophisticated, and existing shareholders for its capital needs in the Australian market.
Average Trading Volume: 662,536
Technical Sentiment Signal: Sell
Current Market Cap: A$4.01M
For detailed information about DBO stock, go to TipRanks’ Stock Analysis page.