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RESOLUTION MINERALS LTD — Capital/Financing Update 2022
Jul 13, 2022
65717_rns_2022-07-13_568dfadf-7fe7-421e-9a6a-01667fa2128d.pdf
Capital/Financing Update
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14 July 2022
ENTITLEMENT OFFER RESULTS
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Resolution Minerals Ltd ( RML or Company ) is pleased to announce that the Company’s Options Entitlement Offer ( Entitlement Offer ) was successful, having received applications for approximately $417,000 worth of options ( New Options ) to acquire fully paid shares in the Company ( Shares ) under the Entitlement Offer and Public Shortfall Offer. The Company has received firm commitments for a further $332,000 in shortfall and expects to issue the corresponding securities in the coming days.
The funds raised, together with the share placement undertaken recently, will be put towards: o Drilling high priority gold targets at Tourmaline Ridge - 64North Project
o Milestone payments to earn a 51% interest in the 64North Project - Alaska
o Exploration activities in the NT, on the Carrara Range Project and working capital
The Entitlement Offer was offered on the basis of one option to acquire a Share, exercisable at $0.015 (1.5 cents) with an Expiry of 31 July 2025, for every two Shares held, at an issue price of $0.002 per New Option, and closed at 5pm (ACST) on 8 July 2022. The Company received applications for 138,323,273 New Options under the Entitlement Offer and applications for a further 70,356,230 New Options under the Public Shortfall Offer. This Offer was completed in conjunction with the previously announced placement which raised $1.86 million (announced on 18 May 2022).
As outlined in the prospectus for the Entitlement Offer and the notice of meeting for the recently held general meeting, the Company will also issue 198,864,560 New Options pursuant to the Placement Option Offer and Lead Manager Option Offer.
The Company is seeking quotation for the Options as a new class of quoted security. This announcement includes the distribution schedule and top 20 option holders this new class of quoted security.
The Company is able to place a further 35,499,621 New Options under the Public Shortfall Offer within three months after the closing date of the Offer – in additional to the 166,050,000 New Options currently committed to be issued in the next few days.
For further information please contact the authorising officer Steven Groves:
Steven Groves Julian Harvey Managing Director Investor Communications Resolution Minerals Ltd Resolution Minerals Ltd P: +61 8 6118 7110 M: +61 404 897 584 E: [email protected] [email protected]
BOARD
CAPITAL STRUCTURE Last Capital Raise Ordinary Shares Issued 832 M May-22 - Placement $1.9M @ 1.2c Options and rights Listed options 74 M @ 12c Unlisted options 13 M @ 10c Level 4, 29 King William Street Unlisted options 79 M @ 3c Adelaide SA 5000 Unlisted performance rights 38 M www.resolutionminerals.com Unlisted performance shares 13 M
Last Capital Raise Craig Farrow - Chair May-22 - Placement Steven Groves - MD $1.9M @ 1.2c Duncan Chessell - NED Dr Paul Kitto - TED Andrew Shearer - NED Level 4, 29 King William Street Jarek Kopias - Co Sec
ABN: 27 152 260 814
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1300 288 664 (within australia) +61 2 9698 5414 (international) [email protected] www.automic.com.au
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Level 5, 126 Phillip Street, Sydney NSW 2000
GPO Box 5193, Sydney NSW 2001
Holdings Range Report RESOLUTION MINERALS LTD
Security Class(es): RMLO - OPTIONS EXPIRING 31/07/2025 @ $0.015
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As at Date: 14-Jul-2022
| ngs Range ReportN MINERALS LTD | |||
| s): RMLO - OPTIONS EXPIRING 31/07/2025 @ $0.015 | |||
| Holding Rang | esH | olders | Total Units% Issued Share Capital |
| above 0 up to and including 1,00085,3000.00% | |||
| above 1,000 up to and including 5,0002886,1730.02% | |||
| above 5,000 up to and including 10,00020162,4460.04% | |||
| above 10,000 up to and including 100,0001536,616,9721.62% | |||
| above 100,000202400,673,17298.31% | |||
| TOTALS411407,544,063100.00% |
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Report generated on 14-Jul-2022 at 10:27 AM
Perth Level 2 267 St Georges Terrace Perth WA 6000
Sydney Level 5 126 Phillip Street Sydney NSW 2000
Level 5, 126 Phillip Street, Sydney NSW 2000
ABN: 27 152 260 814
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1300 288 664 (within australia) +61 2 9698 5414 (international) [email protected] www.automic.com.au
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GPO Box 5193, Sydney NSW 2001
Top Holders Grouped Report RESOLUTION MINERALS LTD
Security Class(es): RMLO - OPTIONS EXPIRING 31/07/2025 @ $0.015 Display Top: 20
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As at Date: 14-Jul-2022
| Position | Holder Name | Holding | % IC |
|---|---|---|---|
| 1 | SP CAPITAL FUND PTY LTD<SP CAPITAL A/C> | 25,816,105 | 6.33% |
| 2 | MR GEOFF BARNES | 17,666,666 | 4.33% |
| 3 | TRINITY DIRECT PTY LTD | 17,647,056 | 4.33% |
| 4 | MR DAVID JOHN RAWLINGS | 16,943,661 | 4.16% |
| 5 | BUDWORTH CAPITAL PTY LTD<ROLLING HILLS CAPITAL A/C> | 12,125,000 | 2.98% |
| 6 | DEALACCESS PTY LTD | 11,631,874 | 2.85% |
| 7 | MATTHEW BURFORD SUPER FUND PTY LTD<BURFORD SUPERFUND A/C> | 10,100,000 | 2.48% |
| 8 | CS THIRD NOMINEES PTY LIMITED<HSBC CUST NOM AU LTD 13 A/C> | 8,939,394 | 2.19% |
| 9 | MR CHRISTOPHER LINDSAY BOLLAM | 8,655,982 | 2.12% |
| 10 | MR CRAIG RUSSELL STRANGER | 8,530,041 | 2.09% |
| 10 | MR JOSHUA GORDON | 8,530,041 | 2.09% |
| 11 | CERTANE CT PTY LTD | 8,137,500 | 2.00% |
| 12 | STILL CAPITAL PTY LTD | 8,124,998 | 1.99% |
Sydney Perth Level 5 Level 2 126 Phillip Street 267 St Georges Terrace Sydney NSW 2000 Perth WA 6000
Level 5, 126 Phillip Street, Sydney NSW 2000
ABN: 27 152 260 814
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1300 288 664 (within australia) +61 2 9698 5414 (international) [email protected] www.automic.com.au
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GPO Box 5193, Sydney NSW 2001
| Position | Holder Name | Holding | % IC | |
|---|---|---|---|---|
| 13 | MS MICHELLE JANE BRAHAM | 7,744,375 | 1.90% | |
| 14 | MS XIAODAN WU | 7,658,823 | 1.88% | |
| MR JAROSLAW KRZYSZTOF KOPIAS & | ||||
| 15 | MRS CASSANDRA ANNE KOPIAS &MR JOHN ANDREW BAILLIE | 6,678,572 | 1.64% | |
| <KOPIAS SUPER FUND A/C> | ||||
| 16 | ORCA CAPITAL GMBH | 6,451,612 | 1.58% | |
| 17 | ASB NOMINEES LIMITED<123619 A/C> | 6,451,144 | 1.58% | |
| 18 | BNP PARIBAS NOMINEES PTY LTD SIX SIS LTD<DRP A/C> | 6,215,472 | 1.53% | |
| 19 | EMERGING EQUITIES PTY LTD | 6,203,664 | 1.52% | |
| 20 | NETWEALTH INVESTMENTS LIMITED<WRAP SERVICES A/C> | 5,862,190 | 1.44% | |
| TOTALS | 216,114,170 | 53.03% | ||
| Total Issued Capital | 407,544,063 | 100.00% |
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Report generated on 14-Jul-2022 at 10:27 AM
Sydney Level 5 126 Phillip Street Sydney NSW 2000
Perth Level 2 267 St Georges Terrace Perth WA 6000