R3D Resources

R3D Secures Additional Funding

R3D Resources Limited (ASX: R3D) (the Company) (renamed Tartana Minerals Limited) is pleased to note that it has received a commitment from an Investor to participate in a $480,000 Convertible Note in R3D and provides an update on the Rights Issue currently being conducted by the Company.


Key Points:

  • $480,000 received from an investor introduced to the Company by directors Dr Alistair Lewis and Dr Stephen Bartrop in a cash advance, pending issue of a Convertible Note on terms to be finalised;
  • Rights Issue raising up to $1.5 million at $0.05 per share to be extended by a further week, to 27 March 2024; and
  • Confidential, incomplete discussions are underway with prospective underwriters for the Rights Issue – including a related party underwriter.

Convertible Note

The Company has secured a commitment from an Investor to participate in a Convertible Note raising totalling $480,000, converting at $0.05 per Share. The $480,000 has been advanced to the Company prior to finalising terms of the Convertible Note and execution of formal documentation. In the time between the receipt of the funds and the issue of the Convertible Note, the Company has agreed to treat the funds as an unsecured loan on ordinary commercial terms. Further details of the terms of the advance, and the Convertible Note is set out in Annexure A.

The Investor was introduced to the Company by directors Alistair Lewis and Stephen Bartrop, although the Investor is not a party related to the Company or either director.

Rights Issue

The Rights Issue is a 1 for 5 pro rata entitlement offer of New Shares in the Company at an issue price of $0.05 per New Share, as well as 1 attaching Option exercisable at $0.10 expiring 31 December 2025 for each 2 New Shares subscribed for (the Rights Issue), which opened on 24 November 2023.

Eligible Shareholders can review the Rights Issue Prospectus and apply from the Company’s website: www.r3dresources.com.au or at www.computersharecas.com.au/r3dnrri.

The Company intends to further extend the Rights Issue offer open period until 27 March 2024 citing the impending completion of negotiations with certain parties who will commit to an underwriting of the Rights Issue. One of the parties with whom discussions are ongoing is a related party of the Company, being an entity controlled by Dr Stephen Bartrop. Any such underwriting would be on arms’ length terms.


Click here for the full ASX Release

This article includes content from R3D 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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Newmont Announces First Quarter 2024 Earnings Conference Call

Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced that it will release first quarter 2024 operations and financial results on Thursday, April 25, 2024 . Newmont will hold a conference call at 11:00 a.m. Eastern Daylight Time (9:00 a.m. Mountain Daylight Time) , the same day, which will be available on the Company's website.

Conference Call Details

The webcast materials will be available before the market opens on Thursday, April 25th on the "Investor Relations" section of the Company's website, www.newmont.com . Additionally, the conference call will be archived for a limited time on the Company's website.

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For toll-free phone numbers, refer to the following link: https://www.netroadshow.com/events/global-numbers?confId=49005

About Newmont

Newmont is the world's leading gold company and a producer of copper, zinc, lead, and silver. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.

Media Contact
Jennifer Pakradooni
globalcommunications@newmont.com

Investor Contact
Neil Backhouse
303-837-5002
investor.relations@newmont.com

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