VALIANT GOLD LIMITED
ASX:VALMaterialsToday’s holders own 99.2% of what they think they own, once every option and right converts.
No major dilution pressure signals in current disclosures
VALIANT GOLD LIMITED listed in March 2026 and its disclosure history is short. The company had 540M shares on issue as of March 2026. It has not lodged any new share-issuance (Appendix 2A) filings since January 2024, and no capital raises occurred in the past 24 months. VALIANT GOLD LIMITED reported A$60.5M in available cash at the June 2026 quarter, providing approximately 21.6 quarters of funding at its recent spending rate. No proposed securities issues are pending.
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 |
|---|---|---|---|---|
| 23 Feb 2024 | 3H · cancellation | VAL : ORDINARY FULLY PAID | 4.56B | Appendix 3H |
| 23 Feb 2024 | 2A · quoted issue | VAL : ORDINARY FULLY PAID | 4.59B | Appendix 2A |
| 20 Feb 2024 | 2A · quoted issue | VAL : ORDINARY FULLY PAID | 4.56B | Appendix 2A |
| 15 Feb 2024 | 3H · cancellation | VAL : ORDINARY FULLY PAID | 4.22B | Appendix 3H |
| 15 Feb 2024 | 2A · quoted issue | VAL : ORDINARY FULLY PAID | 4.25B | 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 (4.56B) need not equal the current count above (540.0M).
Capital raises
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
consolidation-adjusted Figures rebased for the share consolidation on record.
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 4.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| VALAH | Performance rights | Condition-triggered | — | — | 4.5M | 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
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.