Alicanto Minerals has finalised a significant 12-for-1 share consolidation, streamlining its capital structure just days before acquiring the Mt Henry Gold Project from Westgold Resources.
- Completed 12-for-1 consolidation of all securities
- Post-consolidation – 106.6 million ordinary shares outstanding
- New share trading to commence on 12 February 2026
- Tranche 2 Placement Shares to be issued on 13 February 2026
- Mt Henry Gold Project acquisition expected to complete around 13 February 2026
Capital Consolidation Completed
Alicanto Minerals Limited (ASX – AQI) has officially completed its 12-for-1 consolidation of issued capital, a move approved by shareholders at the end of January. This consolidation affects all classes of securities, including ordinary shares, unquoted options, and performance rights. The process reduces the total number of shares on issue, simplifying the company’s capital structure and potentially improving liquidity and market perception.
Following the consolidation, Alicanto now has 106.6 million fully paid ordinary shares on issue, alongside 22.1 million performance rights and 1.25 million unquoted options. Shareholders have received updated holding statements reflecting their new post-consolidation holdings, with fractional entitlements rounded up to the nearest whole security.
Trading and Placement Update
Normal trading of Alicanto’s consolidated shares is set to commence on Thursday, 12 February 2026, operating on a T+2 settlement basis. This timing ensures a smooth transition for investors and brokers adjusting to the new capital structure. The consolidation is a strategic step ahead of the company’s planned capital raising through the issue of Tranche 2 Placement Shares, scheduled for the following day, 13 February 2026.
Acquisition of Mt Henry Gold Project
Coinciding with the placement, Alicanto is poised to complete the acquisition of the Mt Henry Gold Project from Westgold Resources Ltd, a transaction first announced in December 2025. This acquisition represents a significant expansion of Alicanto’s gold exploration portfolio, potentially enhancing its resource base and future production prospects. While financial details of the deal remain undisclosed in this announcement, the timing suggests a coordinated effort to strengthen Alicanto’s position in the gold exploration sector.
Investors will be watching closely to see how the consolidation and acquisition impact Alicanto’s share price and operational outlook. The streamlined capital structure may make the stock more attractive to institutional investors, while the Mt Henry project could unlock new growth avenues.
Bottom Line?
Alicanto’s capital consolidation and imminent acquisition mark a pivotal moment, setting the stage for its next growth phase.
Questions in the middle?
- What are the detailed terms and expected financial impact of the Mt Henry Gold Project acquisition?
- How will the Tranche 2 Placement Shares affect shareholder dilution and capital raising goals?
- What exploration or development plans does Alicanto have for the Mt Henry project post-acquisition?