High-Tech Metals Limited IPO – Priority Offer To Shareholders Of Marquee Resources Ltd

As announced by Marquee Resources Limited ASX release dated 1 November 2022, High-Tech Metals Limited (ACN 657 249 995) (HTM) lodged its Original Initial Public Offer Prospectus with the Australian Securities & Investments Commission on 31 October 2022 (Prospectus). Lodgement of the Replacement Prospectus occurred 8 November 2022. The Prospectus contains an offer of 22,500,000 Shares at an issue price of $0.20 per Share to raise $4,500,000 (HTM Offer). Oversubscriptions may be accepted for up to a further 5,000,000 Shares at an issue price of $0.20 per Share to raise up to a further $1,000,000. Westar Capital Limited is acting as Lead Manager of the HTM Offer.

The Offer includes a priority offer to shareholders of Marquee Resources Limited in Australia that held shares in Marquee at 5:00PM (AWST) on 1 November 2022 (Record Date) (Eligible Shareholders) of up to 15,000,000 Shares (MQR Offer).

Under the MQR Offer, Eligible Shareholders will have priority in respect of the first $3,000,000 (15,000,000 Shares) to be raised under the HTM Offer. The allocation of Shares under the Priority Offer will be subject to a minimum investment of $2,000 and will be made pro rata to Eligible Shareholders’ shareholdings in Marquee on the Record Date and thereafter at the discretion of HTM. If HTM receives applications from Eligible Shareholders for more than 25,000,000 Shares, HTM intends to treat such additional applications under the Priority Offer as being made under the Public Offer.

Only existing Marquee shareholders as at the Priority Offer Record date may participate in the Priority Offer. Actions required of Eligible MQR shareholders

As an eligible MQR Shareholder under the Priority Offer, you may:

1. Apply for Shares under the Priority Offer; or

If you do not wish to apply for Shares under the Priority Offer, you are not obliged to do anything.

Click here for the full ASX Release

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