Companies / LGF

L1 GOLD FUND LIMITED

ASX:LGFFund / trust
641.8M shares on issueASX (delayed) · snapshot 28 Oct 2026641.8M fully diluted+0.0% if every option and right converts$2.25price · delayed$1.41BMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.
Low
Dilution riskprovisional — limited history

2 cash raises in 24 months; share count grew 9% in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — a bank, lender, insurer, property or investment vehicle: operating cash flow is not a spend rate, so no funding runway applies
Share-count growth (24m)9.1%
Raise cadence (24m)2 cash raises
Options & rights overhang0.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

Between September 2026 and September 2026, L1 GOLD FUND LIMITED's latest share-count filing shows ordinary shares grew 9.1% to 642M. The company raised capital twice in the past 24 months for total disclosed proceeds of A$1.3B, most recently a placement and accelerated non-renounceable entitlement offer (ANREO) in August 2026 raising A$375.4M. No options or rights overhang data is available. The company is a bank, lender, insurer, property or investment vehicle, whose operating cash flow is not a spend rate; no funding-runway figure applies. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 26 Oct 2026
Quick answers · 2

When did LGF last raise capital?

The last capital raise in L1 Gold Fund's filings is Placement and accelerated non-renounceable entitlement offer (ANREO) of $375.4M announced 24 Aug 2026, one of 2 cash raises in 24 months.

How much has LGF's share count grown?

L1 Gold Fund has 641.8M shares on issue as at 28 Oct 2026, up 9.1% over 24 months according to its Appendix 2A filings.

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0.0%
Options & rights overhang
0.0%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
2
Raises · last 12 months
—
Cash cover · no runway frame

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 641.8M per ASX (delayed) (snapshot 28 Oct 2026).
500M550M600M650MApr 26July 26Oct 26Cash raise · 24 Aug 2026Cash raise · 24 Apr 2026641.8M

Cash runway

No cash runway. This company is a bank, lender, insurer, property or investment vehicle: its operating cash flow is loans, deposits, inventory or portfolio purchases rather than a spend rate, so a funding runway does not apply.

Issuance timeline

Latest 2 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)

DateFormSecurityOn issue, per this filingSource
16 Sept 20262A · quoted issueLGF : ORDINARY FULLY PAID641.8MAppendix 2A
2 Sept 20262A · quoted issueLGF : ORDINARY FULLY PAID588.3MAppendix 2A
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2 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

2 cash raises in the last 24 months · 2 in the last 12 months

every 4 monthsaverage gap between raises
2.1 monthssince the most recent
24 Apr 2026 – 24 Aug 2026first to most recent in this window
$375.4M
Placement and accelerated non-renounceable entitlement offer (ANREO)
At $2.25, 6.6% below the last close
24 Aug 2026 COMPLETE
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2 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

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Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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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.

No estimate — this company listed less than 12 months ago, so its 15% capacity is measured from its listing date rather than from a year back.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

No options or rights over unissued shares on record.

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
16 Sept 2026Andrew LarkeBuy entitlement/SPP50k——$113k3Y notice
16 Sept 2026David GrayBuy entitlement/SPP36k——$81k3Y notice
16 Sept 2026Douglas FarrellBuy entitlement/SPP125k——$281k3Y notice
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4 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

28 Oct 2026Weekly Net Tangible Asset Backing
21 Oct 2026Weekly Net Tangible Asset Backing
19 Oct 2026Quarterly Report - September 2026
14 Oct 2026Weekly Net Tangible Asset Backing
9 Oct 2026LGF 2026 Notice of Annual General Meeting
7 Oct 2026Weekly Net Tangible Asset Backing
5 Oct 2026Monthly Net Tangible Asset Backing
30 Sept 2026Weekly Net Tangible Asset Backing
23 Sept 2026Weekly Net Tangible Asset Backing
17 Sept 2026Change in substantial holding
16 Sept 2026Change of Director's Interest Notice - D Farrell
16 Sept 2026Change of Director's Interest Notice - D Gray
16 Sept 2026Change of Director's Interest Notice - A Larke
16 Sept 2026Application for quotation of securities - LGF
16 Sept 2026Weekly Net Tangible Asset Backing
14 Sept 2026$PResults of equity raising
9 Sept 2026Net Tangible Asset Backing
8 Sept 2026Letter to eligible shareholders - Retail Offer closing
8 Sept 2026Net Tangible Asset Backing
7 Sept 2026Net Tangible Asset Backing

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.