EMC GOLD CORPORATION
ASX:EM3MaterialsToday’s holders own 84.4% of what they think they own, once every option and right converts.
Options/rights overhang 18% of shares; 12% of shares in the money; 1 cash raise in 24 months; since relisting as EM3; prior history under BDG not included
EMC GOLD CORPORATION renamed from BDG in December 2025, and the share data below covers only the period since the rename. Between December 2025 and September 2026, its ordinary share count increased by 2.7% to 412M shares. One capital raise was completed in the past 24 months: a placement in November 2025 for A$4.7M in total proceeds. Options and rights could add 76M new shares, representing an 18.5% overhang, with 12% of current shares in the money; the nearest expiry is June 2027. The company reported more than 4 quarters of funding at the recent spend rate as of its June 2026 quarter. No proposed securities issues are pending.
Quick answers · 3
When did EM3 last raise capital?
The last capital raise in Emc Gold Corporation's filings is Placement of $4.7M announced 24 Nov 2025, one of 1 cash raises in 24 months.
How much cash does EM3 have?
In its quarterly cash report for the quarter ended 30 June 2026, Emc Gold Corporation reported $4.4M of cash and estimated 12.6 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do EM3's options expire?
Unexercised options and rights equal 18.5% of Emc Gold Corporation's shares on issue; the nearest expiry is June 2027.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 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 |
|---|---|---|---|---|
| 30 Sept 2026 | 2A · quoted issue | EM3 : CHESS DEPOSITARY INTERESTS 1:1 | 411.8M | Appendix 2A |
| 26 June 2026 | 2A · quoted issue | EM3 : CHESS DEPOSITARY INTERESTS 1:1 | 408.3M | Appendix 2A |
| 28 May 2026 | 2A · quoted issue | EM3 : CHESS DEPOSITARY INTERESTS 1:1 | 407.3M | Appendix 2A |
| 17 Apr 2026 | 2A · quoted issue | EM3 : CHESS DEPOSITARY INTERESTS 1:1 | 406.8M | Appendix 2A |
| 5 Mar 2026 | 2A · quoted issue | EM3 : CHESS DEPOSITARY INTERESTS 1:1 | 406.1M | Appendix 2A |
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
1 cash raise in the last 24 months · 1 in the last 12 months · counted since relisting as EM3 (8 Dec 2025); prior history under BDG is not included
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
- Price-triggered57.7M · 14.0% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 6.7M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered18.5M · 4.5% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 50.9M priced (of which 50.9M in the money), 25.2M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
At $0.094 today, 50.9M securities are in the money (12.4% of shares on issue). No price up to ten times today’s switches on any more priced supply.
- 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.
- 25.2M (33.1% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| EM3AG | Options | Price-triggered | $0.030 | 14 June 2027 | 30.9M | Filing |
| EM3AA | Options | Price-triggered | $0.070 | 8 Jan 2028 | 20.0M | Filing |
| EM3AB | Options | Price-triggered, no exercise price stated | — | — | 6.7M | Filing |
| EM3AC | Performance rights | Condition-triggered | — | — | 18.5M | 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
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 3 June 2026 | Paul Cronin | Other on-market | 462k | — | 3.0M | — | 3Y notice |
| 1 June 2026 | Paul Cronin | Other on-market | 389k | — | 3.0M | — | 3Y notice |
| 28 Jan 2026 | Alberto Lavandeira | Other off-market | 3.0M | — | — | — | 3Y notice |
| 28 Jan 2026 | Dominic Roberts | Other off-market | — | — | 5.0M | — | 3Y notice |
| 28 Jan 2026 | Gabriel Chiappini | Other off-market | 3.0M | 6.8M | — | — | 3Y notice |
| 28 Jan 2026 | Paul Cronin | Other off-market | — | — | 3.0M | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.