MIRAMAR RESOURCES LIMITED — Capital/Financing Update 2022

Jul 13, 2022

ASX: M2R | 14 July 2022

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OPTIONS RIGHTS ISSUE CLOSED

• Non-renounceable options rights issue (Entitlement Offer) raised $279,881

• Shareholders subscribed for 38,693,334 Options

• Directors have the discretion to place the Shortfall Offer

• Funds raised will be allocated to accelerated exploration at the Gidji Joint Venture Project, undertake further exploration at the projects and fund the working capital of the Company

Miramar Resources Limited (ASX:M2R , “Miramar” or “the Company”) is pleased to advise that the Options Rights Issue ( Entitlement Offer ) announced on 14 June 2022 with a Replacement Prospectus announced on 20 June 2022 has closed and raised $279,881 (before costs). The Placement Options Offer offered under the Prospectus was fully subscribed.

The Company will issue 38,693,334 Options exercisable at $0.25 each expiring two years from the date of issue following the completion of the Entitlement Offer and Placement Option Offer. The Options will be quoted under the ASX code M2RO.

Funds received from the Entitlement Offer will be allocated to fund the accelerated exploration at the Gidji Joint Venture Project ( Gidji JV ), to undertake further exploration at the projects located in the Eastern Goldfields, Murchison and Gascoyne regions of Western Australia and to fund the working capital of the Company.

The Company would like to thank all shareholders who participated in the Entitlement Offer, demonstrating a strong commitment to and confidence in the Company’s projects and its future.

The results from the Entitlement Offer and Placement Options Offer are set out below:

		Funds Raised
Event	Options	(before costs)
Entitlement Offer to Eligible Shareholders	12,344,777	$123,448
Shortfall Offer*	15,643,353	$156,433
Placement Options Offer	10,705,204	$Nil
Total	38,693,334	$279,881

The Options are expected to be issued on Monday, 18 July 2022, in accordance with the updated timetable. The Directors reserve the right to place any Shortfall Options at their discretion within 3 months following the Closing Date.

This announcement has been authorised for release by Mr Allan Kelly, Executive Chairman, on behalf of the Board of Miramar Resources Limited.

For more information on Miramar Resources Limited, please visit the company’s website at www.miramarresources.com.au, follow the company on social media on social media (Twitter @MiramarRes and LinkedIn @Miramar Resources Ltd) or contact:

Allan Kelly Executive Chairman

Mindy Ku Company Secretary

ASX: M2R | ABN 34 635 359 965 | Unit 1, 22 Hardy Street, South Perth, Western Australia 6151 PO Box 810, South Perth WA 6951 | miramarresources.com.au | info@miramarresources.com.au | +61 (8) 6166 6302