AKORA Resources To Raise AU$1.3 Million Via Share Placement, Shares Fall Past 3%

MT Newswires Live

Feb 04, 2025

AKORA Resources (ASX:AKO) will raise AU$1.3 million via a share placement to existing and new investors, by issuing around 12.9 million new shares at an issue price of AU$0.10 per share, according to a Tuesday Australian bourse filing.

It expects to issue 7.9 million shares on or about Feb. 10 to existing and new investors as well as its management. It will then issue 3 million shares on or about Feb. 25.

Subsequently, it will issue 2 million shares to each member of its board, subject to shareholder approval at its general meeting, which is anticipated to occur in April.

It will use the proceeds to continue strategic investor discussions for the Bekisopa iron project in Madagascar, to progress key logistics arrangements, as well as for working capital.

The firm's shares fell past 3% on market close on Tuesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Easy breezy. No more feesies.","description":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","keywords":"Tiger Brokers,U.S. stock trading,Hong Kong stock trading,trading U.S. stocks,stock information,stock prices,U.S. stock quotes,U.S. stock trading,Hong Kong stock trading,IPO trading,buying U.S. stocks,global investment","social":{"ogDescription":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2508481094"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"NZL","license":"TBKIWI","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2508481094\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2508481094?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-04 15:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2508481094","market":"fut","top_or_hot":-1,"title":"AKORA Resources To Raise AU$1.3 Million Via Share Placement, Shares Fall Past 3%","media":"MT Newswires Live","content":"<html><body><p> AKORA Resources (ASX:AKO) will raise AU$1.3 million via a share placement to existing and new investors, by issuing around 12.9 million new shares at an issue price of AU$0.10 per share, according to a Tuesday Australian bourse filing.</p><p>It expects to issue 7.9 million shares on or about Feb. 10 to existing and new investors as well as its management. It will then issue 3 million shares on or about Feb. 25.</p><p>Subsequently, it will issue 2 million shares to each member of its board, subject to shareholder approval at its general meeting, which is anticipated to occur in April.</p><p>It will use the proceeds to continue strategic investor discussions for the Bekisopa iron project in Madagascar, to progress key logistics arrangements, as well as for working capital.</p><p>The firm's shares fell past 3% on market close on Tuesday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AKORA Resources To Raise AU$1.3 Million Via Share Placement, Shares Fall Past 3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAKORA Resources To Raise AU$1.3 Million Via Share Placement, Shares Fall Past 3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-02-04 15:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> AKORA Resources (ASX:AKO) will raise AU$1.3 million via a share placement to existing and new investors, by issuing around 12.9 million new shares at an issue price of AU$0.10 per share, according to a Tuesday Australian bourse filing.</p><p>It expects to issue 7.9 million shares on or about Feb. 10 to existing and new investors as well as its management. It will then issue 3 million shares on or about Feb. 25.</p><p>Subsequently, it will issue 2 million shares to each member of its board, subject to shareholder approval at its general meeting, which is anticipated to occur in April.</p><p>It will use the proceeds to continue strategic investor discussions for the Bekisopa iron project in Madagascar, to progress key logistics arrangements, as well as for working capital.</p><p>The firm's shares fell past 3% on market close on Tuesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7129","symbol_name":"钢铁","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2508481094","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508481094","pubTimestamp":1738652891,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"AKORA Resources  will raise AU$1.3 million via a share placement to existing and new investors, by issuing around 12.9 million new shares at an issue price of AU$0.10 per share, according to a Tuesday Australian bourse filing.It expects to issue 7.9 million shares on or about Feb. 10 to existing and new investors as well as its management. It will then issue 3 million shares on or about Feb. 25.Subsequently, it will issue 2 million shares to each member of its board, subject to shareholder approval at its general meeting, which is anticipated to occur in April.It will use the proceeds to continue strategic investor discussions for the Bekisopa iron project in Madagascar, to progress key logistics arrangements, as well as for working capital.The firm's shares fell past 3% on market close on Tuesday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7129":"钢铁","AKO.AU":"AKORA RESOURCES LTD"},"translate_title":"AKORA Resources将通过配股筹集130万澳元，股价下跌超过3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AKO.AU":0.9},"content_text":"AKORA Resources (ASX:AKO) will raise AU$1.3 million via a share placement to existing and new investors, by issuing around 12.9 million new shares at an issue price of AU$0.10 per share, according to a Tuesday Australian bourse filing.It expects to issue 7.9 million shares on or about Feb. 10 to existing and new investors as well as its management. It will then issue 3 million shares on or about Feb. 25.Subsequently, it will issue 2 million shares to each member of its board, subject to shareholder approval at its general meeting, which is anticipated to occur in April.It will use the proceeds to continue strategic investor discussions for the Bekisopa iron project in Madagascar, to progress key logistics arrangements, as well as for working capital.The firm's shares fell past 3% on market close on Tuesday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}