Kuniko Limited (ASX:KNI) has lodged an Appendix 3B disclosing a proposed placement of 5,416,666 fully paid ordinary shares at an issue price of AUD $0.015 each, with up to 26,741,665 attaching options expiring 4 May 2029, with the proposed issue date set for 23 December 2026, subject to securityholder approval.

Key Points

  • 5,416,666 fully paid ordinary shares proposed to be issued at AUD $0.015 each under a placement
  • Up to 26,741,665 options expiring 4 May 2029 (ASX: KNIOA) proposed to be issued as attaching securities
  • Securityholder approval required, with the determination date and proposed issue date both set at 23 December 2026
  • GBA Capital Pty Ltd appointed as lead manager and broker, to receive a 6% cash fee and 6,866,666 KNIOA listed options
  • Funds raised are intended for the company's exploration projects and working capital

Placement Structure and Pricing Details

According to the filing dated 11 November 2026, Kuniko Limited proposes to issue 5,416,666 fully paid ordinary shares (ASX: KNI) at an issue price of AUD $0.015 per security for cash consideration in Australian dollars. The new shares are proposed to rank equally in all respects from their issue date with the existing issued securities in that class. The issue is classified as an existing class of securities. Securityholder approval has not yet been received, and the determination date for that approval is 23 December 2026, which also corresponds to the proposed issue date.

Attaching Options Expiring 4 May 2029

The filing discloses that up to 26,741,665 options expiring 4 May 2029 (ASX: KNIOA) are proposed to be issued in connection with the placement. Of these, 19,874,999 options are described as nil free attaching securities issued alongside the placement shares, while 6,866,666 options are to be issued to GBA Capital Pty Ltd, or their nominee, in consideration for broker services rendered. All attaching options are in an existing class already quoted or recorded by ASX and will rank equally with existing securities in that class from their issue date.

Lead Manager Appointment and Use of Proceeds

Kuniko Limited has engaged GBA Capital Pty Ltd as lead manager and broker for the proposed placement. The filing states the consideration payable to GBA Capital Pty Ltd includes a cash fee of 6% on the capital raised and the issue of 6,866,666 KNIOA listed options. The proposed issue is not underwritten. The company stated the purpose of issuing the securities is to raise funds for its exploration projects and working capital. The company also confirmed that 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 via publication of a cleansing notice.