Resolution Minerals Ltd (ASX:RML) Completes $1.7 Million Placement
Successful $1.7 Million Share Placement
Resolution Minerals Ltd (ASX:RML) has secured firm commitments for a $1.7 million placement of fully paid ordinary shares at $0.011 per share. The funds will support the development of the company’s recent antimony acquisitions and enhance working capital, with $150,000 expected by the end of the month.
Option Allocation and Terms
Participants in the placement will receive one option for every two shares issued, exercisable at $0.018 per share until 31 July 2028. Approximately 154.5 million shares and 77.3 million options will be issued, as approved by shareholders on 20 January 2025.
Executive Comments
Executive Director Aharon Zaetz stated, “We are delighted to have received such strong support from new and existing shareholders in current market conditions. This further highlights the Company’s current portfolio as well as the newly acquired Antimony assets. We look forward to progressing these projects and updating the market accordingly.”
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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