Infinity Mining Limited (ASX:IMI) has lodged an Appendix 3B disclosing a proposed placement of 31,000,000 ordinary fully paid shares at an issue price of AUD $0.0065 per security, with the issue date scheduled for 17 November 2026.
Key Points
- 31,000,000 ordinary fully paid shares to be issued at AUD $0.0065 each on 17 November 2026
- Shares will be issued using the company's 15% placement capacity under ASX Listing Rule 7.1
- CPS Capital Group Pty Ltd is acting as lead manager and broker, receiving a 2% management fee and 4% raising fee on funds raised, excluding GST
- Funds raised will be used for general working capital
Placement Structure and Security Details
The proposed securities are an existing class of ordinary fully paid shares quoted on ASX under the code IMI. The filing states that all 31,000,000 securities will be issued without security holder approval, utilising the company's 15% placement capacity under ASX Listing Rule 7.1. The new shares will rank equally in all respects from their issue date with the existing issued securities in that class. The placement was announced on 13 November 2026, and no security holder approval is being sought for the issue.
Lead Manager Fees and Underwriting
CPS Capital Group Pty Ltd has been appointed as lead manager and broker to the proposed placement. According to the filing, the consideration payable to CPS Capital Group Pty Ltd comprises a 2% management fee and a 4% raising fee on funds raised, both excluding GST. The proposed issue is not underwritten. The filing does not disclose any other material fees or costs to be incurred by the company in connection with the proposed issue.
Use of Proceeds and Compliance Matters
The filing states that funds raised from the placement will be used for general working capital. The company disclosed that it will not be changing its dividend or distribution policy if the proposed issue proceeds. Any on-sale of the securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions of the Corporations Act by virtue of the publication of a cleansing notice. The company's registered ABN is 73609482180.




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