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MATSA RESOURCES LIMITED — Capital/Financing Update 2024
Oct 28, 2024
65296_rns_2024-10-28_f9f53193-9759-4e17-ad91-d8309c84bdb6.pdf
Capital/Financing Update
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ASX Announcement
29[th] October 2024
Results of Non-Renounceable Entitlement Offer
Matsa Resources Limited (“Matsa” or “Company”) is pleased to advise that acceptances of entitlements under the Entitlement Offer (offering one Loyalty Option for every 5 Shares held) made under the Prospectus dated 8 October 2024 from shareholders amounted to 80,875,661 Loyalty Options raising $161,751.64. The Entitlement Offer closed on Friday 25 October 2024.
A summary of the results of the Entitlement Offer is tabled is set out below.
| below. | ||
|---|---|---|
| Number ofLoyalty Options | Amount$ | |
| Entitlements on Offer | 130,017,661 | 260,035.32 |
| Entitlements Accepted | 80,875,661 | 161,751.64 |
| Shortfall | 49,142,000 | 98,283.68 |
As the Entitlement Offer was fully underwritten the Shortfall has been allocated by Westar Capital Ltd.
The Company will proceed to allot and issue the new Loyalty Options under the Entitlement Offer in respect of the acceptance of the entitlements on Friday, 1 November 2024, with despatch of holding statements anticipated to occur on Monday, 4 November 2024.
CORPORATE SUMMARY
Directors
Paul Poli (Executive Chairman) Pascal Blampain Andrew Chapman Shares on Issue
650.087 million Unlisted Options 96.15 million @ $0.07 - $0.10 Top 20 shareholders Hold 65.34%
Share Price on 29[th] October 2024
5.0 cents
Market Capitalisation
A$32.50 million
The Company would like to thank shareholders for their ongoing support.
This ASX announcement is authorised for release by the Board of Matsa Resources Limited.
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]