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Middle Island Resources Limited (ASX:MDI)

ALERT: Price-sensitive ASX Announcement for MDI
Current share price for MDI : $0.017 -0.009 (-34.62%)+
Announcement
Release
6 Nov 2025 8:24AM
Price at Release
$0.026
Full Release
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Summary
Middle Island Resources Limited (ASX: MDI) has successfully completed the acquisition of Konstantin Resources Limited, including a $3.4 million placement. As part of the transaction, the company issued various securities, including 475 million Consideration Shares, 40 million Tranche A and Tranche B Consideration Options, and other securities to different stakeholders involved. The completion follows the resolutions passed at an extraordinary general meeting on 3 November 2025. For further details, references were made to prior ASX announcements.
Key Points
  • Middle Island Resources completed acquisition of Konstantin Resources Limited.
  • A $3.4 million placement was achieved before costs.
  • 475 million Consideration Shares and 80 million Consideration Options were issued.
  • Securities were also issued to KRL Option Holders and other participants.
  • Transaction completion followed an extraordinary general meeting approval.
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.