Koonenberry Gold Finalizes 188.75 Million Share Placement with Regulatory Cleansing Notice

Completion of Share Placement and Regulatory Compliance

Koonenberry Gold Limited finalized the placement of 188.75 million fully paid ordinary shares on 27 July 2026, subsequent to the initial announcement on 21 July 2026. The company lodged a formal cleansing notice with the ASX under section 708A(5)(e) of the Corporations Act 2001 (Cth), enabling the issue of securities without disclosure under Part 6D.2 in specified circumstances.

This share issuance constitutes a material capital event for Koonenberry Gold. The cleansing notice ensures regulatory transparency by confirming that no excluded information under section 708A(6)(e) requires disclosure, thereby fulfilling Australian Securities and Investments Commission (ASIC) and ASX listing rule obligations related to capital raising and share issuance.

Regulatory Compliance Affirmations in Cleansing Notice

In its cleansing notice, Koonenberry Gold confirms full compliance with Chapter 2M of the Corporations Act, which governs financial reporting and disclosure requirements for listed entities, as of the notice date. This includes obligations such as annual report lodgement and financial statement preparation, assuring shareholders of the company’s sound governance and reporting framework.

The company also affirms compliance with section 674 of the Corporations Act, which mandates providing ASIC with copies of documents distributed to members, including financial reports. The absence of any excluded information under section 708A(6)(e) further confirms that no material facts have been withheld regarding the share placement.

Company Profile and Market Position

Koonenberry Gold Limited, headquartered in Adelaide, South Australia, is an ASX-listed junior gold exploration and development company. Operating from Suite 6, 72-78 Carrington Street, Adelaide SA 5000, the company focuses on advancing gold exploration projects and mineralization opportunities. The recent capital raise aligns with typical funding strategies for junior explorers to support exploration, project development, and corporate operations.

The successful placement of 188.75 million shares reflects strong investor interest in Koonenberry Gold’s strategic direction. Investors interested in Australian gold exploration are encouraged to visit www.koonenberrygold.com.au for updates on exploration activities, project progress, and financial disclosures.

Capital Raise Timeline and Disclosure Process

The share placement was first announced on 21 July 2026, with completion occurring six days later on 27 July 2026. This timeframe is standard within Australian capital markets for processing placements. The shares became fully issued on 27 July 2026, granting investors all rights associated with ordinary shares.

The cleansing notice was lodged concurrently with completion, underscoring Koonenberry Gold’s commitment to timely ASX disclosure compliance. This sequence—announcement, completion, and cleansing notice—ensures transparency regarding the capital raise’s regulatory status.

Strategic Financing for Exploration Initiatives

The 188.75 million share placement represents a significant capital infusion aimed at funding exploration programs, geological surveys, drilling, feasibility studies, and corporate administration. Such capital raises are common for junior explorers seeking to advance project portfolios efficiently through placements to institutional and sophisticated investors.

Utilizing a placement rather than a rights issue or public offer allows Koonenberry Gold to secure funding with greater certainty and cost-effectiveness. The scale of the placement indicates meaningful financial backing to support ongoing exploration and development efforts.

ASX Listing and Disclosure Obligations Post-Issuance

As an ASX-listed entity, Koonenberry Gold adheres to continuous disclosure and capital management rules under the ASX Listing Rules. The cleansing notice fulfills part of these obligations, leveraging section 708A of the Corporations Act to issue shares without full disclosure when conditions are met, including compliance with financial reporting and absence of excluded information.

The company’s confirmation of no excluded information under section 708A(6)(e) assures investors that the share issuance is based on current, material information regarding Koonenberry Gold’s financial status and project outlook, thereby maintaining market transparency and investor protection.

Investor Relations and Contact Details

Shareholders and investors seeking further information can contact Paul Harris, Executive Chairman, at +61 8 6245 9869 or [email protected]. Investor relations inquiries can be directed to Nathan Ryan at +61 420 582 887 or [email protected]. These contacts provide direct access to company management and IR personnel for questions about the placement or corporate developments.

For ongoing updates, investors should visit www.koonenberrygold.com.au, the primary platform for project news, financial reports, and ASX announcements. Monitoring these channels will provide insights into how the capital raised is deployed and progress on exploration objectives.

Investor Impact and Shareholder Considerations

The placement of 188.75 million shares results in dilution for existing shareholders, as the total shares on issue increase, reducing the ownership percentage of those not participating in the placement. The company did not disclose the pre-placement share count, so the precise dilution effect is unknown. Shareholders should weigh this dilution against the benefits of enhanced funding for exploration and development.

The immediate effect on Koonenberry Gold’s share price is not detailed publicly and may be influenced by market conditions, investor sentiment, and sector trends. The successful placement signals investor confidence in the company’s projects and strategic direction, which may positively influence market perception.