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Manuka Resources Ltd ( (AU:MKR) ) has issued an announcement.
Manuka Resources Ltd has expanded its issued capital with the allotment of 30,681,247 fully paid ordinary shares following the exercise of unlisted options expiring 15 May 2026 at an exercise price of A$0.06. The new shares, which will rank equally with existing stock, lift the company’s total quoted ordinary shares to 1,558,381,699, modestly diluting existing holders while strengthening equity funding.
The company confirmed the shares were issued without a prospectus under Australian Corporations Act provisions, stating it remains compliant with continuous disclosure and financial reporting obligations. This option conversion underscores ongoing investor support and provides additional capital flexibility, while leaving a substantial pool of unquoted options, warrants and convertible notes that could further influence Manuka’s capital structure over time.
More about Manuka Resources Ltd
Manuka Resources Ltd is a dual-listed company on the ASX and NZX, operating in the resources sector and focused on mineral development and production. Its capital structure includes a large base of ordinary fully paid shares alongside various classes of options, warrants and convertible notes, reflecting an active use of equity-linked instruments to fund operations and growth.
For detailed information about MKR stock, go to TipRanks’ Stock Analysis page.