Accelerate to issue 55M shares in ~$190K deal for full Woodie Woodie North control
What's the deal? Accelerate ResourcesDealroom has a profile for this one. Try Dealroom → will issue 55,000,000 fully paid ordinary shares to acquire 100% ownership of the Woodie Woodie North Manganese Project. The scrip-only consideration is valued at about US$177.9K (roughly $190,000), with the shares set for issue on October 2, 2026.
What's the endgame? The deal consolidates full control of the manganese project. It also removes all vendor milestone payments, royalties, and residual third-party rights tied to the asset.
The terms: The shares are non-cash consideration issued under binding agreements, with no lead manager, broker, or underwriter involved. Of the total, 25,000,000 shares carry a 12-month voluntary escrow and 11,970,000 shares a six-month escrow from the issue date.
Why now? Accelerate is using its 15% placement capacity under ASX Listing Rule 7.1, so no shareholder approval is required. The new shares will rank equally with existing securities from the date of issue.
The signal: Clearing out royalties and milestone obligations gives Accelerate cleaner ownership of the asset ahead of any development decisions, funded with equity rather than cash.
Read more: kalkinemedia.com
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