Investigator Resources Limited (ASX:IVR) Announces Entitlement Offer of New Options
Offer Details
Investigator Resources Limited (ASX:IVR) is conducting a pro-rata non-renounceable entitlement issue, offering one new option for every five shares and every five IVRO options held at an issue price of $0.001 per new option. The offer closes on 24 March 2025, with new options exercisable at $0.042 until 24 March 2028.
Purpose of the Offer
The entitlement offer aims to reward loyal securityholders and raise funds of approximately $381,394 (before costs) to cover offer expenses and provide general working capital to the company.
Top-Up Facility
Eligible securityholders may apply for additional new options up to 100% of their entitlement through a top-up facility, subject to availability and potential scale-back.
Directors’ Interests
The company’s directors hold significant shares and IVRO options, with all current directors intending to fully subscribe to their entitlements under the offer.
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.
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