Alicanto Minerals (ASX:AQI) has completed the consolidation of issued capital on a 12 to one basis, following shareholder approval at a general meeting on 30 January 2026.
The company has issued 106.59 million shares, 22.07 million performance rights, and 1.25 million unquoted options. The options will expire on 28 February 2028 and are exercisable at $0.69.
Shares from tranche two of this placement are expected to be issued on 13 February 2026, along with acquisition of the Mt Henry Gold Project.
As reported by Mining.com.au at the start of the month, Alicanto obtained shareholder approval regarding the acquisition of the project from Westgold Resources (ASX:WGX), also in the January general meeting.
Westgold will hold a 19.9% stake in Alicanto upon completion of the acquisition.
Located near Norseman in Western Australia, Alicanto acquired the Mt Henry Project for a total consideration of $64.6 million, as reported.
Alicanto Minerals is an emerging gold company focused on advancing the Mt Henry Gold Project in Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Alicanto Minerals
