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Ark Mines Limited (ASX:AHK)

ALERT: Price-sensitive ASX Announcement for AHK
Current share price for AHK : $0.250 0.06 (31.58%)+
Announcement
Release
1 May 2025 11:18AM
Price at Release
$0.190
Full Release
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Summary
Ark Mines Ltd announced a successful placement to raise A$1,500,000 through fully subscribed shares, aimed at advancing their rare earth exploration and development projects, particularly at Sandy Mitchell. The shares will be issued at an issue price of $0.14 each, and the funds are intended to expedite their operations in North Queensland's rare earth placer sand deposits.
Key Points
  • Ark Mines Ltd to raise $1,500,000 via a placement to professional and sophisticated investors.
  • The Placement was fully subscribed by new shareholders.
  • Funds will expedite the rare earths exploration and development program at Sandy Mitchell.
  • Shares issued at an issue price of $0.14 per share.
  • Settlement and allotment of shares scheduled for 5 May 2025.
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.