Cassius Mining Applies to Quote 13.03 Million Shares from Convertible Note Conversion

Shwetambri Chauhan

28 September 2026 06:36 PM AEST

Cassius Mining Applies to Quote 13.03 Million Shares from Convertible Note Conversion

Image Source: Krish Capital Pty Ltd

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Cassius Mining Limited (ASX:CMD) has applied to the Australian Securities Exchange for the quotation of 13,031,756 fully paid ordinary shares, issued on 28 September 2026 following the conversion of convertible notes designated under security code CMDAAB.

Key Points

13,031,756 fully paid ordinary shares are to be quoted, issued on 28 September 2026
The shares were issued as a result of 174,000 convertible notes (CMDAAB) being converted on 28 September 2026
The consideration provided per security is estimated at AUD $0.013352, being the conversion of convertible notes into fully paid ordinary shares
Following quotation, total quoted ordinary shares on issue will be 901,616,307

Convertible Note Conversion Details

According to the filing dated 28 September 2026, 174,000 convertible notes classified under ASX security code CMDAAB were converted into ordinary fully paid shares on 28 September 2026. The conversion occurred on a single date, with that date recorded as both the first and last date of conversion. The filing discloses that the consideration provided for the 13,031,756 securities to be quoted is the conversion of convertible notes into fully paid ordinary shares, with an estimated value of AUD $0.013352 per security. The securities were not issued under an employee incentive scheme.

Ranking and Quotation of New Securities

The filing states that the 13,031,756 new ordinary shares will rank equally in all respects from their issue date with existing issued securities in the same class. The new shares represent an addition to an existing quoted class of securities on ASX under the code CMD. The filing confirms the shares are an issue of new securities, and the underlying securities are being received directly by the holder of the converted instruments. The application for quotation was lodged as a new announcement on 28 September 2026.

Issued Capital Following Quotation

Following the quotation of the new shares, Cassius Mining's issued capital will include 901,616,307 fully paid ordinary shares (CMD) and 93,387,624 quoted options expiring 8 June 2029 (CMDO). Unquoted securities on issue will include 4,012,100 convertible notes (CMDAAB), 9,000,000 options expiring 30 November 2026 at an exercise price of $0.06 (CMDAAA), 45,371,394 options expiring 8 June 2029 at an exercise price of $0.03 (CMDAC), and 5,000,000 options expiring 5 February 2027 at an exercise price of $0.08 (CMDAB), according to the filing.

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