Resolution Minerals (ASX:RML) Announces Bonus Option Offer
Bonus Option Offer
Resolution Minerals Ltd (RML) has initiated its Bonus Option Offer, providing eligible shareholders with one option to acquire a fully paid ordinary share for every eight shares held as of the Record Date. The options are exercisable at $0.018 and will expire on 31 July 2028.
Purpose and Financial Impact
The Bonus Option Offer aims to reward shareholders and potentially raise approximately $6.948 million if all options are exercised. The funds will be used to advance the company’s projects and support working capital needs.
Executive Comments
Executive Director Aharon Zaetz stated, “The Board recognises, and greatly appreciates, the importance of its loyal and supportive Shareholders, and is pleased to provide its Eligible Shareholders an opportunity to enhance their exposure to the Company’s future growth.”
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 recommended BHP Group. 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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