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Corazon Mining Limited (ASX:CZN) has submitted an application to the ASX to list 1,000 newly issued fully paid ordinary shares, priced at $0.14 each and dated 3 July 2026. These shares were issued pursuant to a Cleansing Prospectus dated 2 July 2026, prepared under section 708A(11) of the Corporations Act to lift trading restrictions on shares issued before the closing date of a previously announced placement. This application follows a securities issue notification made through an Appendix 3B lodged on 2 July 2026. No further securities issues are expected to complete the related transaction. Once quoted, Corazon Mining’s total fully paid ordinary shares on issue will total 73,563,023.
Key Points
- Company: Corazon Mining Limited (ASX:CZN)
- Application to quote 1,000 new fully paid ordinary shares on 3 July 2026
- Issue price: AUD $0.14 per share, paid in Australian dollars
- Shares issued under a Cleansing Prospectus dated 2 July 2026, pursuant to section 708A(11) of the Corporations Act
- Total quoted ordinary shares after quotation: 73,563,023
- No additional securities issues expected to complete the transaction referenced in the Appendix 3B
- Investors should monitor for further capital or operational updates from the company
Details of Corazon Mining’s Application to Quote 1,000 Shares at $0.14 Each
Corazon Mining Limited has formally applied to ASX for quotation of 1,000 new fully paid ordinary shares under the code CZN. These shares were issued on 3 July 2026 at AUD $0.14 per share, with cash consideration paid in Australian dollars. The issue relates to a placement or other securities issuance previously disclosed via an Appendix 3B lodged on 2 July 2026.
The relatively small number of shares subject to this quotation application—1,000 shares—reflects the administrative purpose of the filing, which is primarily to remove trading restrictions rather than to raise significant capital. The company confirmed no further securities issues are expected to complete the transaction described in the referenced Appendix 3B, indicating this step finalizes the broader securities issuance process.
Purpose of the Cleansing Prospectus Issued on 2 July 2026
The 1,000 shares being quoted were issued under a Cleansing Prospectus released by Corazon Mining on 2 July 2026. This prospectus was prepared under section 708A(11) of the Corporations Act 2001 to remove trading restrictions on shares issued without full disclosure documentation in certain placement transactions.
Section 708A(11) allows a company to issue a cleansing prospectus to "cleanse" shares issued without disclosure under the placement exemption, enabling holders to freely trade these shares on the ASX without breaching disclosure requirements. By lodging this prospectus, Corazon Mining completes the administrative process required for these shares to be freely tradable on the exchange.
Corazon Mining’s Total Quoted Ordinary Shares After This Quotation
After quoting the 1,000 shares, Corazon Mining will have 73,563,023 fully paid ordinary shares on issue. Additionally, the company has 13,103,238 quoted options expiring 31 December 2027, trading under the code CZNOA, which remain on the quoted register.
The company’s capital structure also includes various unquoted securities not listed on ASX but forming part of its overall capital base. These details are outlined in the Appendix 2A filed with ASX and discussed further below. Investors should note the total share count of 73,563,023 is automatically generated in the ASX form and may not immediately reflect other capital actions concurrently processed by ASX.
Unquoted Securities Including Performance Rights and Options Held by Corazon Mining
Beyond quoted shares and listed options, Corazon Mining holds a range of unquoted securities including 1,500,000 options expiring 11 May 2029 at an exercise price of $0.225 (CZNAC), 105,347 options expiring 18 August 2026 at $0.70 (CZNAA), and 1,127,759 options expiring 30 June 2027 at $0.50 (CZNAB).
The company also has 8,396,848 performance rights (CZNAX), 9,100,000 options expiring 13 October 2030 at nil exercise price (CZNAY), and 1,000,000 options expiring 13 October 2028 at $0.20 (CZNAZ). These unquoted securities may dilute existing shareholders if exercised or vested. The company did not disclose vesting conditions or exercise triggers for the performance rights in this update.
Connection Between the Appendix 3B Lodged on 2 July 2026 and This Quotation Application
The Appendix 2A lodged on 3 July 2026 references an Appendix 3B filed on 2 July 2026 titled "New – Proposed issue of securities – CZN." The Appendix 3B notifies the market of a proposed securities issue, while the Appendix 2A is the formal application to quote those securities on ASX.
In this case, the Appendix 3B classified the issue as "a placement or other type of issue." The company confirmed the securities have been issued and that no further tranches are pending to complete the transaction. This sequential filing process is standard under ASX Listing Rules to enable placement shares to be officially quoted and tradeable.
Issue Price of $0.14 Per Share and Placement Context
The 1,000 shares applied for quotation were issued at AUD $0.14 each, with cash consideration paid in Australian dollars as confirmed in the Appendix 2A. This price reflects the allocation price within the broader placement transaction announced previously.
The immediate impact on share price from this quotation was not clear at the time of the update. Given the very small number of shares relative to over 73 million shares on issue, the dilution effect from this application is negligible. The broader placement details are set out in the 2 July 2026 Appendix 3B.
Distribution Schedule and Share Allocation Details
As part of the Appendix 2A, Corazon Mining was required to provide a distribution schedule for the 1,000 shares by holder size categories. However, these fields were left unpopulated in the filing, so the allocation among recipients is not disclosed in this update.
Investors seeking allocation details for the broader placement should refer to the Appendix 3B lodged on 2 July 2026 and any related placement documentation from that time.
Investor Considerations Following This Quotation Application
With the Appendix 2A lodged and no further securities issues expected to finalize the transaction, the administrative process for this placement tranche appears complete. Investors monitoring Corazon Mining’s capital structure should note the confirmed total of 73,563,023 quoted ordinary shares and track any future ASX filings that may affect this figure, including potential option exercises or performance rights vesting.
Key upcoming milestones include any operational or exploration updates, disclosures regarding the company’s strategic activities, and announcements about the exercise or expiry of near-term options—particularly the 105,347 options under CZNAA expiring 18 August 2026. This update did not include operational guidance or project news, focusing solely on the quotation application.
Summary of Corazon Mining’s Capital Structure After This Transaction
Following this quotation, Corazon Mining’s capital structure comprises 73,563,023 fully paid ordinary shares (CZN) and 13,103,238 listed options expiring 31 December 2027 (CZNOA) available for trading on ASX.
Unquoted securities total 21,229,954 instruments across six classes, including performance rights, nil-exercise options, and various priced option tranches. Full conversion or exercise of these instruments would significantly increase the company’s share count, though timing and likelihood depend on terms not detailed in this update. Investors should consult the company’s broader disclosures for further context on these securities.
