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Discovery Alaska Limited (ASX:DAF)

ALERT: Price-sensitive ASX Announcement for DAF
Current share price for DAF : $0.014 -0.004 (-22.22%)+
Announcement
Release
6 Feb 2026 9:22AM
Price at Release
$0.018
Full Release
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Summary
Discovery Alaska Limited announced the completion of a private placement to raise $354,000, issuing up to 22,125,000 fully paid ordinary shares and 4,425,000 options at $0.016 per share. The placement was priced at a 13% discount to the 10-day Volume Weighted Average Price as of 5 February 2026 and targeted sophisticated and professional investors. Proceeds are intended to support exploration at the Boulder Creek Gold-Silver Project in Idaho, USA, potential new project acquisitions, and corporate requirements. Shares are expected to be issued on 9 February 2026 without requiring shareholder approval.
Key Points
  • Private placement raising $354,000 at $0.016 per share.
  • Funds to support exploration at the Boulder Creek Gold-Silver Project.
  • Shares to be issued on 9 February 2026.
  • Placement priced at a 13% discount to the 10-day VWAP.
  • Placement targeted sophisticated and professional investors.
  • No shareholder approval needed for the placement.
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.