Raiden Resources Limited (ASX:RDN) has lodged an Appendix 3B disclosing a proposed issue of up to 33,333,333 fully paid ordinary shares, with an estimated AUD equivalent consideration of $100,000, to be issued in lieu of a cash facilitation fee, with a proposed issue date of 11 November 2027.

Key Points

  • Up to 33,333,333 fully paid ordinary RDN shares proposed to be issued with a proposed issue date of 11 November 2027
  • Estimated AUD equivalent consideration of $100,000, structured as a non-cash facilitation fee
  • An initial $50,000 in shares at a deemed issue price subject to a floor price of $0.003 per share, with a further $50,000 in shares upon satisfaction of an anniversary-based milestone
  • Securities to be issued utilising the entity's 15% placement capacity under ASX Listing Rule 7.1, without security holder approval
  • The proposed securities will rank equally in all respects with existing issued securities in the same class from their issue date

Proposed Issue Structure and Consideration

According to the filing lodged on 11 November 2026, Raiden Resources is proposing to issue up to 33,333,333 fully paid ordinary shares in an existing class. The securities are not being issued for a cash consideration. The filing states that up to $100,000 worth of fully paid ordinary shares may be issued in lieu of a cash facilitation fee. The arrangement comprises an initial $50,000 in shares at a deemed issue price subject to a floor price of $0.003 per share, and a further $50,000 in shares upon satisfaction of an anniversary-based milestone, subject to available placement capacity.

Placement Capacity and Listing Rule Compliance

The filing discloses that the proposed securities are to be issued without security holder approval, utilising the entity's 15% placement capacity under ASX Listing Rule 7.1. No security holder approval for the entire issue under Listing Rule 7.1 has been obtained, and the entity's additional 10% placement capacity under Listing Rule 7.1A is not being used. The filing also confirms that no party referred to in Listing Rule 10.11 is participating in the proposed issue, and the securities will not be restricted securities or subject to voluntary escrow.

Issue Timetable and Additional Terms

The proposed issue date for the 33,333,333 fully paid ordinary shares is 11 November 2027, as stated in the filing. There is no lead manager or broker to the proposed issue, and the issue will not be underwritten. No change to the company's dividend or distribution policy is proposed if the issue proceeds. The filing states that any on-sale of the proposed securities within 12 months of their issue date will comply with the secondary sale provisions of the Corporations Act by virtue of the publication of a cleansing notice.