Resolution Minerals Ltd (RML or Company) (ASX:RML) is pleased to announce that it has utilised its At-the-Market Subscription Agreement (“ATM”) with Acuity Capital (see announcements on 30 April 2021 and 12 November 2021) to raise $320,000 (inclusive of costs) by agreeing to issue 32,000,000 fully paid ordinary shares to Acuity Capital at an issue price of $0.01 per share.
The 32,000,000 RML shares will be issued out of the Company’s 10% placement capacity under listing rule 7.1A. The issue price of $0.01 represents a small premium of 1.5% to the 15 trading day VWAP of $0.0985 to 11 August 2022 (inclusive).
The funds raised will be put towards further exploration and working capital. An Appendix 3B will follow.