Cassius Mining Limited (ASX:CMD) has applied for the quotation of 245,095 fully paid ordinary shares on the ASX, issued on 28 September 2026 in satisfaction of accrued interest on convertible notes, according to an Appendix 2A filing lodged with the exchange.

Key Points

  • 245,095 fully paid ordinary CMD shares were issued on 28 September 2026 via conversion of accrued interest on convertible notes.
  • The securities were not issued for cash consideration, with an estimated value of AUD $0.013352 per security.
  • The shares were issued using the company's 15% placement capacity under ASX Listing Rule 7.1, without security holder approval.
  • Following quotation, total fully paid ordinary CMD shares on issue will be 888,829,646.

Convertible Note Interest Conversion Details

According to the filing, Cassius Mining applied to have 245,095 fully paid ordinary shares quoted on the ASX, with an issue date of 28 September 2026. The shares were issued in satisfaction of accrued interest on convertible notes and were not issued for cash consideration. The filing disclosed an estimated consideration value of AUD $0.013352 per security. The company confirmed the securities were not offered under a disclosure document or product disclosure statement, and that a cleansing notice under the relevant sections of the Corporations Act was published to address on-sale provisions.

Issued Capital Following Quotation

Following the quotation of the 245,095 shares, the total number of fully paid ordinary CMD shares on issue will be 888,829,646, according to the filing. The company's quoted options, trading under the code CMDO and expiring 8 June 2029, will total 93,387,624. Unquoted securities disclosed in the filing include 4,186,100 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 $0.03 (CMDAC), and 5,000,000 options expiring 5 February 2027 at $0.08 (CMDAB).

ASX Listing Rule Compliance

The filing stated that the 245,095 securities were issued without security holder approval, utilising the company's 15% placement capacity under ASX Listing Rule 7.1. The company confirmed the issue was not made under an exception in Listing Rule 7.2 and that no security holder approval was sought or obtained under Listing Rule 7.1. The filing also confirmed that no securities were issued using the entity's additional 10% placement capacity under Listing Rule 7.1A. The newly issued shares will rank equally in all respects from their issue date with the existing fully paid ordinary shares in the same class.