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RESOLUTION MINERALS LTD — Share Issue/Capital Change 2024
Oct 28, 2024
65717_rns_2024-10-28_700bafa2-eaa0-4e05-9c24-187a44e73440.pdf
Share Issue/Capital Change
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29 October 2024
PROPOSED CONSOLIDATION OF SHARE CAPITAL
Resolution Minerals Ltd ( RML or Company ) (ASX: RML ) advises that it is seeking shareholder approval at its Annual General Meeting on 29 November 2024 to consolidate the issued capital of the Company through the conversion of every eight (8) existing securities into one (1) security (Consolidation).
The Consolidation is proposed to reduce the Company’s shares, options and performance rights on issue to a level that better reflects the Company’s position and provides a share price that is more appealing to a wider range of investors.
The Consolidation applies equally to all shareholders and as such the shareholders proportional interest in the Company’s issued capital will remain unchanged (other than minor variations resulting from the rounding of fractional shareholdings).
The Board unanimously recommend that shareholders vote FOR the proposed Consolidation. For full details of the proposed Consolidation please refer to the AGM Notice lodged immediately following this announcement.
Effect of the consolidation
| Pre- Consolidation |
Post - Consolidation1 |
Pre - Consolidation exerciseprice |
Post - Consolidation exerciseprice |
|
|---|---|---|---|---|
| Shares(ASX:RML) | 1,610,021,807 | 201,252,726 | N/A | N/A |
| Quoted options (ASX:RMLO) |
655,707,035 | 81,963,379 | $0.015 | $0.12 |
| Unquoted options | 86,647,949 | 10,830,994 | $0.008 | $0.064 |
| Unquoted options | 378,000,000 | 47,250,000 | $0.004 | $0.032 |
| Unquoted performance rights |
95,489,700 | 11,936,213 | N/A | N/A |
1 Assuming no Shares or Convertible Securities are issued and no exercise or conversion of any Convertible Securities. The exact number of securities on issue post-Consolidation depends on the rounding of fractional amounts, which the Company will round up.
Level 4, 29 King William Street Adelaide SA 5000 www.resolutionminerals.com
ASX RELEASE
Proposed timetable of the consolidation
| Event | Date |
|---|---|
| Company announces Consolidation | 29 October 2024 |
| Company sends out the AGM notice | 29 October 2024 |
| Shareholders pass AGM Resolution 12 to approve the Consolidation | 29 November 2024 |
| Effective Date of Consolidation | 29 November 2024 |
| Last day for pre-Consolidation trading | 2 December 2024 |
| Post-Consolidation trading commences on a deferred settlement basis | 3 December 2024 |
| Record Date | 4 December 2024 |
| First day for the Company to update its register and to send holding statements to security holders reflecting the change in the number of Securities they hold. |
5 December 2024 |
| Last day for Company to update its register and to send holding statements to security holders reflecting the change in the number of Securities they hold and to notify ASX that this has occurred. |
11 December 2024 |
Authorised for release by the board of Resolution Minerals Ltd.
For further information, please contact Aharon Zaetz Executive Director.
Aharon Zaetz
Executive Director Resolution Minerals Ltd M: +61 424 743 098 [email protected]
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