Latest Debt Conversion News

Austral Resources Australia has locked in $40 million through a discounted share placement, setting the stage for its ASX reinstatement and ambitious expansion in Queensland's copper belt.

Austral Resources Australia Limited has extended the closing date for its $40 million placement offer to 20 October 2025, alongside an ASX suspension extension to 31 October to meet reinstatement conditions.

Mount Burgess Mining (MTB) has responded to an ASX price query, confirming no undisclosed material information beyond previously announced gold project acquisitions and debt conversion plans ahead of its upcoming EGM.

Klevo Rewards Limited has updated its prospectus to include a $4.1 million entitlement offer and a $2.2 million debt conversion, aiming to satisfy ASX reinstatement conditions after a prolonged suspension.

Identitii Limited has issued 45 million shares to partially settle an $800k loan, increasing a key shareholder's stake to 29.92%. This move reflects ongoing capital restructuring within the tech firm.

Identitii Limited has issued 45 million shares to partially settle an $800,000 loan, increasing a key shareholder's stake to nearly 30%. This move reshapes the company’s capital structure amid ongoing funding arrangements.

My Rewards International Limited has announced a pro-rata entitlement offer aiming to raise up to $4.1 million, a key step toward meeting ASX reinstatement conditions after a prolonged trading suspension. The offer includes a debt conversion proposal and is partially underwritten by major shareholders.

OpenLearning Limited has agreed to convert $1 million of debt owed to its largest shareholder into equity at a premium, significantly increasing that shareholder's stake and reshaping the company's capital structure.

Austral Resources Australia Ltd has launched a $40 million placement at 5 cents per share to fund the acquisition and recommissioning of the Rocklands copper project in Queensland. The offer includes share and option issues tied to debt conversions and is conditional on shareholder approval and ASX reinstatement.

AssetOwl Limited proposes converting $163,411 of debt into 100 million new shares, continuing its strategic debt reduction efforts ahead of shareholder approval.

Pure Foods Tasmania reported a 30% revenue decline in FY25 but improved its net loss through cost-cutting and product rationalisation. Post-year-end recapitalisation efforts aim to strengthen the balance sheet and support the turnaround.

My Rewards International Limited reports a 47% revenue drop but narrows losses by 45%, fueled by strategic acquisition and tech innovation. The company advances ASX reinstatement with a capital raise and debt conversion plan.