Latest Listing Rules News

Gryphon Capital Income Trust has secured firm commitments for an $86.25 million wholesale placement, giving the fund fresh capital for incremental portfolio management. A further unit purchase plan of up to $30,000 per existing unitholder is also planned for the coming months.

Turnstone Resources has moved A$25,000 of its A$1.1 million placement into the immediately available tranche, reducing the amount still dependent on shareholder approval. The company expects to settle the raising this week, with directors committing A$165,000 to the conditional tranche.

Income Asset Management Group has attributed a late director interest notice to an administrative oversight and miscommunication, after ASX questioned whether disclosure rules may have been breached. IAM says it has reiterated its director reporting process and will strengthen controls if required.

Leeuwin Metals has rejected the possibility of undisclosed exploration results driving a sharp rise in its share price, after ASX queried the move from $0.22 to $0.295. The gold explorer pointed instead to recent Marda news, a company-funded research report, stronger gold prices and buying by a substantial holder.

Revolver Resources says it knows of no undisclosed information behind a sharp rise in its shares and trading volume. The company pointed only to ongoing work at the Dianne Copper Mine and progress towards a positive Final Investment Decision.

Babylon Pump & Power (ASX:BPP) says it has satisfied the conditions attached to its revised NAB debt facilities and has sufficient working capital after completing its recapitalisation. The company is now positioning itself as a focused water-management rental business, although ASX has not yet confirmed when trading will resume.

Kaoko Metals secures $20 million from institutional investors to ramp up diamond drilling and exploration across its Namibian copper-silver and gold-copper-tungsten projects.

Mindax Limited has locked in a total of A$3.9 million in convertible note funding from Singapore-based L&Y Investment Holdings, contingent on Foreign Investment Review Board approval. The unsecured notes carry 10% interest and could dilute existing shareholders by up to 4.63%.

First Au Limited has secured a foothold in the Sandstone gold district of Western Australia by acquiring five tenements with substantial historical drilling data, aiming to fast-track a maiden JORC-compliant Mineral Resource.

Noronex Limited has exercised its option to acquire Alaskan Critical Minerals, unlocking ownership of the Sleitat Tin Project in Alaska. The company secured an ASX waiver allowing milestone-based share issuance beyond the usual timeframe, tying payments to resource milestones and a decision to mine.

Actinogen Medical (ASX:ACW) has clarified that no undisclosed information explains recent unusual trading in its shares, pointing instead to recent underwriting of options and published updates. The biotech also reaffirmed compliance with ASX rules and provided a detailed update on its lead Alzheimer’s drug Xanamem and ongoing clinical trials.

Clara Resources is set to kick off a maiden drilling campaign at its Mareeba Gold Project, marking the first drilling activity since the late 1980s. The program, fully funded by a $1.165 million placement, targets historic high-grade gold zones and aims to establish a maiden JORC Mineral Resource.