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Audalia Resources Limited (ASX:ACP)

ALERT: Price-sensitive ASX Announcement for ACP
Current share price for ACP : $0.025 0.002 (8.70%)+
Announcement
Release
17 Dec 2025 9:18AM
Price at Release
$0.023
Full Release
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Summary
Audalia Resources Limited announced its intention to raise $540,000 by placing 20,000,000 fully paid ordinary shares at $0.027 each to a sophisticated investor, with completion expected by 18 December 2025. The funds will be allocated towards advancing the Medcalf Project, including mining design, permits, secondary approvals, and general working capital. The placement will be issued under the company's existing capacity, complying with ASX Listing Rule 7.1A. The announcement, authorized by the Board of Directors, reflects ongoing efforts to secure necessary project development approvals and permits.
Key Points
  • Audalia Resources Limited plans to raise $540,000 by placing 20,000,000 shares.
  • The shares will be issued at $0.027 each to a sophisticated investor.
  • The placement is expected to complete by 18 December 2025.
  • Funds will be used for the Medcalf Project and general working capital.
  • The announcement was authorized by the Board of Directors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.