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RESOLUTION MINERALS LTD — Capital/Financing Update 2021
Oct 25, 2021
65717_rns_2021-10-25_d1ffac30-8944-4d37-94d8-75f16b88d038.pdf
Capital/Financing Update
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26 October 2021
SUCCESSFUL SHARE PURCHASE PLAN
Resolution Minerals Ltd ( RML or Company ) is pleased to announce that the Company’s Share Purchase Plan (SPP) was successful, having received applications for approximately $1.74 million . The SPP was targeting $1.5 million as announced by the Company on 15 September 2021 and will be increased to the amount of valid applications received.
The funds raised will be put towards:
o Drilling and regional exploration at the Benmara Battery Metals Project, NT
o Trenching, regional exploration and claim rental at the 64North Gold Project, Alaska
o Working capital and Australian battery & precious metals project generation
Participants in the SPP will be offered options to acquire Shares, on a one (1) for two (2) basis with an exercise price of $0.03 per Share and expiring 2 years from the date of issue (Options). The issue of Options is subject to shareholder approval at RML’s upcoming 2021 AGM. The Options will be issued with disclosure via a “cleansing prospectus” to be issued by the Company in due course.
For further information please contact the authorising officer Duncan Chessell:
Duncan Chessell Managing Director Resolution Minerals Ltd M: +61 414 804 055
Julian Harvey Investor Communications Resolution Minerals Ltd M: +61 404 897 584
E: [email protected] W: www.resolutionminerals.com
CAPITAL STRUCTURE
Ordinary Shares Issued 532 M
Options and rights Listed options 6 M @ 10c Listed options 74 M @ 12c Unlisted options 13 M @ 8c Unlisted options 59 M @ 4c Unlisted rights 11 M
Performance Shares Class A 9.6 M Class B 3.6 M Last Capital Raise September 2021 - Placement $1.7M @ 2c
BOARD Craig Farrow - Chair Duncan Chessell - MD Andrew Shearer - NED Jarek Kopias - Co Sec
Level 4, 29 King William Street Adelaide SA 5000