DISCOVERY ALASKA LIMITED
ASX:DAFMaterialsToday’s holders own 98.4% of what they think they own, once every option and right converts.
2 cash raises in 24 months; proposed issue pending
Low because 4 of its 6 signals are quiet.
DISCOVERY ALASKA LIMITED's ordinary share count grew 3.3% between February 2026 and August 2026, its latest share-count filing, to 265M shares. The company raised capital twice in the 24-month window, totalling A$1.3M, with the most recent being a A$900K placement in August 2026. Options and rights on issue could convert into 4M new shares, equal to 1.7% of the current share count, none of which are in the money; the nearest expiry is February 2029. The company has more than 4 quarters of funding at the recent spend rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in December 2026.
Quick answers · 5
Is DAF raising capital?
Discovery Alaska has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $900k on 24 Aug 2026.
How much placement capacity does DAF have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does DAF have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Discovery Alaska reported $263k of cash and estimated 2.1 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do DAF's options expire?
Unexercised options and rights equal 1.7% of Discovery Alaska's shares on issue; the nearest expiry is Feb 2029.
How much has DAF's share count grown?
Discovery Alaska has 264.9M shares on issue as at 28 Oct 2026, up 3.3% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 4 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 31 Aug 2026 | 2A · quoted issue | DAF : ORDINARY FULLY PAID | 264.9M | Appendix 2A |
| 4 Mar 2026 | 2A · quoted issue | DAF : ORDINARY FULLY PAID | 258.4M | Appendix 2A |
| 11 Feb 2026 | 2A · quoted issue | DAF : ORDINARY FULLY PAID | 256.4M | Appendix 2A |
| 11 Feb 2026 | 3G · unquoted | DAF : ORDINARY FULLY PAID | 234.2M | Appendix 3G |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
2 cash raises in the last 24 months · 2 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.013 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 5× today’s price, which takes it to 4.4M (1.7% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| DAFAB | Options | Price-triggered | $0.050 | 9 Feb 2029 | 4.4M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.