Successful Share Purchase Plan
Adelaide, Oct 26, 2021 AEST (ABN Newswire) - Resolution Minerals Ltd (
ASX:RML) (NC3:FRA) is pleased to announce that the Company's Share Purchase Plan (SPP) was successful, having received applications for approximately $1.74 million. The SPP was targeting $1.5 million as announced by the Company on 15 September 2021 and will be increased to the amount of valid applications received.
The funds raised will be put towards:
o Drilling and regional exploration at the Benmara Battery Metals Project, NT
o Trenching, regional exploration and claim rental at the 64North Gold Project, Alaska
o Working capital and Australian battery & precious metals project generation
Participants in the SPP will be offered options to acquire Shares, on a one (1) for two (2) basis with an exercise price of $0.03 per Share and expiring 2 years from the date of issue (Options). The issue of Options is subject to shareholder approval at RML's upcoming 2021 AGM. The Options will be issued with disclosure via a "cleansing prospectus" to be issued by the Company in due course.
About Resolution Minerals Ltd
Resolution Minerals Ltd (ASX:RML) is a mineral exploration company engaged in the acquisition, exploration and development of precious and battery metals - such as antimony, gold, copper, and uranium.
Resolution Minerals Ltd Listed on the ASX in 2017 and has a broad portfolio of assets, such as the Drake East Antimony-Gold Project in north-eastern NSW and George Project prospective for silica sand and uranium.
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