Miramar Resources

Rights Issue

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to advise that it is undertaking a pro-rata non-renounceable rights issue of shares on the basis of one (1) new share (Share) for every one (1) fully paid ordinary shares (Shares) held by Eligible Shareholders (defined below) at an issue price of $0.008 per Share to raise up to $1,625,589 (before costs) with a free attaching option exercisable at $0.018 each expiring three (3) years from the issue date (Options) (Entitlement Offer). The Company has engaged Cadmon Advisory Pty Ltd (Cadmon) to act as lead manager to the Entitlement Offer.


  • Non-renounceable rights issue at $0.008 per Share with one (1) free-attaching Option exercisable at $0.018 expiring three (3) years from date of issue
  • Eligible shareholders can download personalised Entitlement Offer application form from the share registry, Automic
  • Entitlement Offer will close at 5pm (AWST) on Friday, 12 July 2024
  • Quotation of the Shares and Options to occur on Monday, 22 July 2024

Funds raised from the Entitlement Offer will primarily be used for upcoming exploration programmes at the Company’s 100%-owned Bangemall Ni-Cu-Co-PGE projects in the Gascoyne regions of WA, the 80%- owned Gidji JV Project, and to fund corporate activities.

The Entitlement Offer is available to all shareholders of the Company (Shareholders) named on its register of members at 5:00pm (AWST) on Thursday, 27 June 2024, whose registered address is in Australia, or New Zealand (Eligible Shareholders). The Entitlement Offer is not being extended to any Shareholders with registered addresses outside these jurisdictions.

The Shares and free-attaching Options offered will be issued on the terms and conditions set out in the Entitlement Issue Prospectus. The Company will apply to have the Shares and Options quoted and tradeable on the ASX.

The Entitlement Offer details are set out in the Prospectus available to be downloaded from www.miramarresources.com.au.


Click here for the full ASX Release

This article includes content from Miramar Resources Limited, 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.

M2R:AU
The Conversation (0)
Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties

Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties

Finlay Minerals Ltd.( TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") announces that the Company has entered into two definitive earn-in agreements (the "Earn-In Agreements") with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport"), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE: FCX), pursuant to which it has granted Freeport separate options to earn an 80% interest in its PIL and ATTY Properties (the "Properties") in the Toodoggone District of northern British Columbia.

Highlights

Keep reading...Show less
Canadian Investment Regulatory Organization Trade Resumption - FYL

Canadian Investment Regulatory Organization Trade Resumption - FYL

Trading resumes in:

Company: finlay minerals ltd.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties

Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") announces that the Company has entered into two definitive earn-in agreements (the " Earn-In Agreements ") with Freeport-McMoRan Mineral Properties Canada Inc. (" Freeport "), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE: FCX), pursuant to which it has granted Freeport separate options to earn an 80% interest in its PIL and ATTY Properties (the " Properties ") in the Toodoggone District of northern British Columbia .

Highlights –

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Spools of copper wire.

Top 5 Junior Copper Stocks on the TSXV in 2025

The copper price moved significantly during the first quarter with momentum that carried it to an all time high on the COMEX of US$5.26 per pound on March 26.

The rally in prices was driven by uncertainty in global financial markets due to the threat of tariffs from the United States and President Donald Trump.

This resulted in increased tightness and panic in copper inventories as more shipments were diverted into US warehouses to preempt any potential price hikes. However, prices eased at the beginning of April as concerns about a global recession began to outweigh fears of commodity shortages, causing the price of copper to drop below US$4.50 per pound.

Keep reading...Show less
Electric Royalties (TSXV:ELEC)

Electric Royalties Reports Positive Developments on Key Copper, Lithium, Graphite, Manganese, and Vanadium Royalties

Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to provide commentary from its CEO about the inherent advantages of investing in a royalty company, and an update on its royalty portfolio.

Electric Royalties CEO Brendan Yurik commented: "The development arc that we have seen at our Seymour Lake lithium royalty is an excellent example of the core value proposition of investing in a royalty company. Seymour Lake is a 1.5% Net Smelter Royalty we acquired approximately three years ago in an all-share transaction valued at roughly $1 million at the time. Since then, project operator Green Technology Metals Limited has raised over $70 million to fund development activities and recently signed a Letter of Intent with the Canadian government for a further $100 million in project financing.

Keep reading...Show less
Closeup of the end of many copper cylinders of varying sizes.

Top 5 ASX Copper Stocks of 2025

Copper has performed well in recent years, and prices for the red metalreached new record highs in March.

The outlook for the red metal is positive in the short-term and there is plenty of optimism about copper over the longer term.

Many market watchers are forecasting robust copper prices, especially as low supply is coming up against higher usage from sectors such as the renewable energy and electric vehicle industries. Fastmarkets is predicting that copper demand from energy transition sectors should grow at a CAGR of 10.7 percent in the decade to 2034.

Keep reading...Show less

Latest Press Releases

Related News

×