SUCCESSFUL SHARE PURCHASE PLAN
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Resolution Minerals 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:
• Drilling and regional exploration at the Benmara Battery Metals Project, NT
• Trenching, regional exploration and claim rental at the 64North Gold Project, Alaska
• 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.