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MATSA RESOURCES LIMITED Capital/Financing Update 2021

Jul 21, 2021

65296_rns_2021-07-21_e4172a8f-ffb1-46a0-8d3c-30ab26e71929.pdf

Capital/Financing Update

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ASX Announcement

22[nd] July 2021

Placement Completed and Secondary Trading Notice

Matsa Resources Ltd (‘Company’) wishes to confirm the allotment of 42,191,875 fully paid ordinary shares at $0.08 per share to raise $3.38M to sophisticated and professional investors, both new and existing (before costs of raising) as announced on 15 July 2021.

The Board would like to thank existing shareholders for their continued support and welcome the new shareholders.

An Appendix 2A is attached below with respect to the issue of the new shares and the Company gives this notice pursuant to section 708A(5)(e) of the Corporations Act.

The Company advises that the Shares were issued without disclosure to investors under Part 6D.2 of the Act. The Company, as at the date of this notice has complied with:

  • (a) the provisions of Chapter 2M of the Act as they apply to the Company; and

  • (b) Section 674 of the Act.

As at the date of this notice there is no information that is excluded information for the purposes of sections 708A (7) and (8) of the Act.

This ASX announcement is authorised for release by the Board of Matsa Resources Limited.

Yours sincerely

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CORPORATE SUMMARY

Executive Chairman

Paul Poli

Directors

Frank Sibbel

Pascal Blampain

Director & Company Secretary

Andrew Chapman

Shares on Issue

358.15 million

Listed Options

28.12 million @ $0.17

Unlisted Options

65.38 million @ $0.17 - $0.35

Top 20 shareholders

Hold 55.41%

Share Price on 21[st] July 2021

7.2 cents

Market Capitalisation

$25.78 million

Andrew Chapman Company Secretary

For further information please contact:

Paul Poli

Executive Chairman T 08 9230 3555 E [email protected]

Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487

Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | [email protected]