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Southern Gold Limited ( (AU:ION) ) has provided an update.
IONDRIVE Limited, listed on the ASX under the code ION, has disclosed plans for a new securities issue but has not provided further information in this document about its industry, core activities, or target markets. The company has lodged an Appendix 3B detailing a proposed placement or other type of issue of up to 26 million options, each exercisable at $0.067 and expiring in January 2030, with a proposed issue date of 30 January 2026, signaling a potential capital-raising move that could expand its capital base and dilute existing shareholders depending on future option exercise.
More about Southern Gold Limited
IONDRIVE Limited is an ASX-listed company (code: ION). The announcement does not provide details on its industry, products or services, or market focus.
YTD Price Performance: 36.67%
Average Trading Volume: 2,889,305
Technical Sentiment Signal: Hold
Current Market Cap: A$52M
For an in-depth examination of ION stock, go to TipRanks’ Overview page.