Discovery Alaska raises $354,000 via share and option issue

Discovery Alaska Limited ( (AU:DAF) ) has provided an announcement.

Discovery Alaska Limited has raised $354,000 before costs through the issue of 22,125,000 new ordinary shares at 1.6 cents each, accompanied by 4,425,000 free attaching unlisted options exercisable at 5 cents on or before 9 February 2029. Following the capital raising, the company now has 256,359,698 ordinary shares on issue, along with 2,000,000 unlisted options exercisable at $0.032 expiring in January 2027 and 4,425,000 unlisted options at $0.05 expiring in February 2029, modestly strengthening its capital base for ongoing operations.

The company also confirmed that the securities were issued without a prospectus under the Corporations Act disclosure exemptions, while stating it remains compliant with continuous disclosure and financial reporting obligations. Management indicated there is no undisclosed information that investors would reasonably require to assess the company or the rights and liabilities attached to the new securities, aiming to provide assurance to shareholders about transparency and regulatory compliance.

The most recent analyst rating on (AU:DAF) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Discovery Alaska Limited stock, see the AU:DAF Stock Forecast page.

More about Discovery Alaska Limited

Discovery Alaska Limited is an Australia-based resources company listed on the ASX. The company is focused on exploration activities, with its securities comprising ordinary shares and unlisted options traded in the Australian market.

Average Trading Volume: 77,764

Technical Sentiment Signal: Buy

Current Market Cap: A$4.22M

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