Ausmon Resources Limited (ASX:AOA) Announces Share Purchase Plan
Share Purchase Plan Details
Ausmon Resources Limited has announced a Share Purchase Plan (SPP) offering up to 300 million fully paid ordinary shares at $0.0018 per share, aiming to raise up to $540,000. Proceeds will be used for reducing borrowings and accounts payable, exploration, and general working capital. The share price is set at an 8.6% discount to the five-day volume weighted average and a 10.0% discount to the last closing price on the ASX.
Junior Minerals Exploration Incentive Credit
Australian resident participants of the SPP are eligible to receive a pro-rata distribution of the Junior Minerals Exploration Incentive (JMEI) credit. The company has allocated $600,000 in credits, which can be claimed as a refundable tax offset or franking credit in their 2025 income tax return. The credit will reduce the cost base of the shares acquired.
Indicative Timetable
The SPP has a record date of February 17, 2025, with the offer opening and announcement on February 18, 2025, and closing on March 18, 2025. Results will be announced on March 21, 2025, with share issuance on March 25 and trading commencing on March 26. Holding statements will be dispatched by April 2, 2025.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.