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RUMBLE RESOURCES LIMITED — Capital/Financing Update 2024
Jun 19, 2024
65736_rns_2024-06-19_ab80de2b-dac1-44ea-8b6e-33a249e689cc.pdf
Capital/Financing Update
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20 June 2024
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Results of Entitlement Issue and Shortfall
Rumble Resources Ltd (ASX: RTR) (“ Rumble ” or the “ Company ”) is pleased to advise the outcome from its non-renounceable pro-rata entitlement offer at an issue price of A$0.04 per share as announced on 10 May 2024 (“ Offer ”). The Offer closed on 14 June 2024 and raised a total of $1,005,735.08 (excluding underwritten shortfall of $36,000). The below table sets out a summary of the results from the Offer:
| NumberofNew Shares | Gross Proceeds(AUD$) | |
|---|---|---|
| Entitlements Accepted | 13,566,665 | $542,666.60 |
| Shortfall applied for byShareholders | 11,576,712 | $463,068.48 |
| TotalEntitlementandShortfall Acceptances | 25,143,377 | $1,005,735.08 |
| Shortfall applied for by theUnderwriter | 900,000 | $36,000.00 |
| Total | 26,043,377 | $1,041,735.08 |
| Balanceofunallocatedshortfall as at the date ofthis announcement | 46,996,050 | $1,879,842.00 |
The Offer was partially underwritten by director, Peter Venn for $36,000. Wilsons Corporate Finance Limited acted as the Lead Manager to the Offer.
All valid offers for shortfall received from shareholders were accepted.
The Company has received strong interest from a number of broking firms to assist with placing the remaining shortfall.
The Company reserves the right to place the remaining shortfall shares within three months after the Closing Date (Monday 14 June 2024).
Peter Harold, Rumble Managing Director and CEO commented: “ the board of Rumble is delighted with the response from shareholders to the entitlement offer given the challenging equity market for small cap resource stocks in Australia. The funds from the issue are already being put to good use with drilling at Western Queen well underway. We have received strong interest from numerous stockbrokers regarding the shortfall and will look to place the remainder.”
Rumble Resources Ltd
Level 1, 16 Ord Street, West Perth, WA 6005
T +61 8 6555 3980
F +61 8 6555 3981
rumbleresources.com.au
ASX RTR
Executives & Management
Mr Peter Harold Managing Director & CEO
Mr Peter Venn Technical Director
Mr Matthew Banks Non-executive Director
Mr Michael Smith Non-executive Director
Mr Geoff Jones Non-executive Director
Mr Brett Keillor Technical Consultant
Mr Trevor Hart CFO & Joint Company Secretary
Mr Steven Wood Joint Company Secretary
Authorisation
This announcement is authorised for release by the Board the Company.
For further information visit our website at www.rumbleresources.com.au or contact us by email at [email protected]
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About Rumble Resources
Rumble is an Australian based exploration company. Rumble was established with the aim of adding significant value to its existing mineral exploration assets and to search for suitable mineral acquisition opportunities in Australia. Rumble has a suite of early stage and advanced exploration projects in Western Australia and the discovery of the Earaheedy Zn-Pb-Ag Project has demonstrated the capabilities of the team to find world class orebodies.
Rumble’s flagship Earaheedy Zn-Pb-Ag Project
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Rumble’s other projects
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