MANHATTAN GOLD CORPORATION LIMITED
ASX:MHCEnergyToday’s holders own 76.3% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 383% in 24 months; options/rights overhang 31% of shares
MANHATTAN GOLD CORPORATION LIMITED underwent an approximately 1-for-20 share consolidation in December 2024. As of August 2026, the company has 749M shares on issue. The share count figure for August 2026 is adjusted for this consolidation. In the past 24 months, MANHATTAN GOLD CORPORATION LIMITED has raised capital twice, for total disclosed proceeds of A$5.2M, most recently a A$3.0M placement in March 2026. There are currently no proposed securities issues pending. Options and rights on issue could convert into 233M new shares, representing 31.1% of the current share count, with the nearest expiry in November 2026; none are in the money. As of the June 2026 quarter, the company held A$433K in cash, covering 0.2 quarters of operations.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 28 Aug 2026 | 2A · quoted issue | MHC : ORDINARY FULLY PAID | 693.0M | Appendix 2A |
| 28 Aug 2026 | 2A · quoted issue | MHC : ORDINARY FULLY PAID | 746.5M | Appendix 2A |
| 28 Aug 2026 | 3G · unquoted | MHC : ORDINARY FULLY PAID | 690.5M | Appendix 3G |
| 23 July 2026 | 2A · quoted issue | MHC : ORDINARY FULLY PAID | 687.0M | Appendix 2A |
| 23 July 2026 | 2A · quoted issue | MHC : ORDINARY FULLY PAID | 660.6M | Appendix 2A |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (693.0M) need not equal the current count above (749.0M).
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered48.6M · 6.5% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 3.5M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered184.0M · 24.6% 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: 45.1M priced, 187.5M 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.
An exercise price is on record for only 19.4% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.025 today. At double today’s price it is 43.8M (5.8% 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.
- 187.5M (80.6% 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.
- 875k more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| MHCAD | Options | Price-triggered | $0.30 | 28 Nov 2026 | 875k | Filing |
| MHCAR | Options | Price-triggered | $0.040 | 27 Nov 2027 | 20.0M | Filing |
| MHCAG | Options | Price-triggered | $0.040 | 29 May 2028 | 2.5M | Filing |
| MHCAI | Options | Price-triggered | $0.040 | 22 July 2028 | 500k | Filing |
| MHCAJ | Options | Price-triggered | $0.060 | 22 July 2028 | 500k | Filing |
| MHCAF | Options | Price-triggered | $0.040 | 24 July 2028 | 2.0M | Filing |
| MHCAH | Options | Price-triggered | $0.048 | 15 July 2029 | 18.8M | Filing |
| — | Options | Price-triggered | — | — | 3.5M | Filing |
| — | Performance rights | Condition-triggered | — | — | 5.0M | Filing Meeting |
| MHCAE | Performance rights | Condition-triggered | — | — | 179.0M | Filing Meeting |
“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.
A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 28 Aug 2026 | Gavin Rezos | Buy incentive | 26.2M | — | — | — | 3Y notice |
| 22 July 2026 | Danielle Kelly | Other placement | 825k | — | — | $20k | 3Y notice |
| 22 July 2026 | Gavin Rezos | Other placement | 25.0M | — | — | $600k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.