The option exercise notices were received on Friday 27 July 2018, for a total of $110,000. The options were exercised at $0.08, which was a 26.9% premium to the closing price of Rumble's shares the day before the option exercise notices were received.
Shane Sikora, Managing Director of Rumble said "I am delighted to be able to exercise some options and to have the support of fellow board members in providing the Company further working capital, as Rumble enters an exciting phase of exploration.
I believe this makes a strong statement to the market of our belief in the Company's clear business strategy, our current projects and the blue-sky potential of the Company".
Please refer enclosed Appendix 3B (see link below).
To view Appendix 3B, please visit:
About Rumble Resources Ltd
Rumble Resources Limited (ASX:RTR) (FRA:20Z) is an Australian based exploration company, officially admitted to the ASX on the 1st July 2011. Rumble was established with the aim of adding significant value to its current gold and base metal assets and will continue to look at mineral acquisition opportunities both in Australia and abroad.
Rumble Resources Ltd (ASX:RTR) Option Agreement to Acquire Ni-Cu-Co-PGM-Au Projects, Sudbury, Canada
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