Kuniko Limited to Issue 34.3 Million Shares at $0.015 Each on 18 November 2026

Sonal Goyal

11 November 2026 12:32 PM AEDT

Kuniko Limited to Issue 34.3 Million Shares at $0.015 Each on 18 November 2026

Image Source: Krish Capital Pty Ltd

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Kuniko Limited (ASX:KNI) has lodged a proposed securities issue notice disclosing a placement of 34,333,333 ordinary fully paid shares at an issue price of AUD $0.015 per share, with a proposed issue date of 18 November 2026, to raise funds for exploration projects and working capital.

Key Points

34,333,333 ordinary fully paid KNI shares proposed to be issued at AUD $0.015 each on 18 November 2026
Funds raised are intended for the company's exploration projects and working capital
All 34,333,333 securities are proposed to be issued using the company's 15% placement capacity under ASX Listing Rule 7.1, without security holder approval
GBA Capital Pty Ltd is acting as lead manager/broker, with a cash fee of 6% and the issue of approximately 6,866,666 KNIO listed options, subject to shareholder approval
The new shares will rank equally in all respects with existing issued securities in the same class from their issue date

Placement Structure and Issue Price

According to the filing lodged on 11 November 2026, Kuniko Limited is proposing to issue 34,333,333 ordinary fully paid shares at AUD $0.015 per security. The securities form part of an existing class already quoted on ASX and will not include attaching securities as part of this offer. The proposed shares will rank equally in all respects from their issue date with the company's existing ordinary fully paid securities. No conditions requiring external approvals were disclosed as needing to be satisfied before the issue can proceed on an unconditional basis.

Placement Capacity and Shareholder Approvals

The filing states that all 34,333,333 securities in the placement are proposed to be issued without security holder approval, utilising the company's 15% placement capacity under ASX Listing Rule 7.1. No securities are proposed to be issued under the company's additional 10% placement capacity under Listing Rule 7.1A. The company disclosed it will separately seek shareholder approval for a director placement, attaching options, and broker options, with the filing directing readers to a separate announcement dated 11 November 2026 for further information.

Lead Manager Fees and Use of Proceeds

GBA Capital Pty Ltd has been appointed as lead manager and broker to the proposed issue. The filing discloses that GBA Capital Pty Ltd will receive a cash fee of 6% of funds raised, as well as the issue of approximately 6,866,666 KNIO listed options, with the options component subject to shareholder approval. 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 it will not be changing its dividend or distribution policy if the proposed issue proceeds.

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