
May 29, 2023
Forrestania Resources Limited (ASX:FRS) (Forrestania or the Company), for a pro-rata non-renounceable entitlement issue of one (2) New Shares for every five (5) Shares held by those Shareholders registered at the Record Date at an issue price of $0.07 per New Share together with one (1) free New Option for every one (1) New Share subscribed for and issued to raise approximately $1,935,607 (based on the number of Shares on issue as at the Record Date) (Entitlement Offer).
This Prospectus also contains an offer of 2,000,000 New Options to the Underwriter (or its nominee(s)) (Underwriter Options Offer). Refer to Section 2.2 of this Prospectus for the details of the Underwriter Options Offer.
The Entitlement Offer is fully underwritten by RM Corporate Finance Pty Ltd (ACN 108 084 386) (AFSL 315 235) (Underwriter). Refer to Section 6.4.2 for details regarding the terms of the underwriting.
IMPORTANT NOTICE
This document is important and should be read in its entirety. If, after reading this Prospectus you have any questions about the Securities being offered under this Prospectus or any other matter, then you should consult your professional advisers without delay.
The Securities offered by this Prospectus should be considered as highly speculative.
Click here for the full ASX Release
This article includes content from Forrestania Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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