Cassius Mining Issues Bonus Options at 3 Cents Exercise Price
Cassius Mining Limited is issuing bonus options to eligible Australian and New Zealand shareholders, offering one new option for every eight shares held. These options carry a 3-cent exercise price and expire in mid-2029, aiming to reward loyalty without raising new capital.
- 1 new option issued per 8 shares held
- Exercise price set at 3 cents
- Options expire 8 June 2029
- No funds raised from bonus issue
- Options to be quoted on ASX pending approval
Bonus Options Issued to Reward Shareholders
Cassius Mining Limited (ASX:CMD) is rolling out a pro-rata bonus issue of options, handing out one new option for every eight ordinary shares held by eligible shareholders in Australia and New Zealand as of 18 June 2026. These options come with an exercise price of 3 cents and will expire on 8 June 2029 if not exercised earlier.
The move is designed purely as a loyalty reward, deliberately structured to avoid raising new funds or impacting the company’s cash reserves. Shareholders won’t need to apply or take any action to receive their options, which will be automatically issued according to the company’s timetable.
Details and Trading Prospects for New Options
The bonus issue will be conducted via a prospectus lodged with ASIC, with the company confirming there is no underwriting or lead manager involved. Fractional entitlements will be rounded down, and the options’ entitlements are non-renounceable, meaning they cannot be traded or transferred separately on the ASX.
Cassius Mining intends to apply for official quotation of the new options on the ASX, potentially allowing them to trade as a distinct class of securities. This quotation is subject to meeting ASX’s listing rules and approval processes.
Timetable and Next Steps
The key dates include an ex-date on 17 June 2026, with the record date for eligibility set at 7:00pm AEST on 18 June 2026. The issue date and ASX lodgement are scheduled for 25 June 2026, although the company reserves the right to adjust these dates if necessary.
This bonus issue follows Cassius Mining’s recent capital raises and ongoing arbitration claims, positioning the company to reward shareholders while maintaining financial flexibility. The market will be watching closely to see how the options trade if and when they are listed, and whether shareholders choose to exercise them ahead of expiry.
Bottom Line?
Cassius Mining’s bonus options offer a cost-free perk to shareholders, but their ultimate value hinges on future share price movements and market appetite for the new securities.
Questions in the middle?
- Will the ASX approve quotation of the new options and when?
- How will the market price the options given the 3-cent exercise price?
- What proportion of shareholders will exercise options before the 2029 expiry?
