Mt Malcolm Mines NL (ASX: $M2M) Share Purchase Plan Announcement

Mt Malcolm Mines NL (ASX: $M2M) has dispatched the Share Purchase Plan Offer Booklet and Personalised Application Form to eligible shareholders, offering them the opportunity to purchase additional fully paid ordinary shares in the Company at a 5% discount. The Share Purchase Plan entitles eligible shareholders to purchase up to $30,000 worth of Shares at a per Share price of $0.02, representing a 5% discount to the 5-day volume weighted average price of the Company's Shares up to the Record Date of 30 April 2024. The Share Purchase Plan is scheduled to close on 31 May 2024.

Executive Commentary on Share Purchase Plan

The Company is pleased to offer eligible shareholders the opportunity to acquire additional fully paid ordinary shares in the Company under the securities purchase plan. The funds raised through this plan will primarily be used to fund exploration and development activities at Leonora covering the Mt George and Malcolm Projects, along with exploration for critical minerals at the Mt Feltman and Lake Johnston Projects, and for general working capital purposes. The Board urges shareholders to carefully consider the terms and conditions of the Offer and obtain their own financial advice before deciding whether to participate in the Offer.

Summary of Share Purchase Plan Announcement

Mt Malcolm Mines NL (ASX: $M2M) has dispatched the Share Purchase Plan Offer Booklet and Personalised Application Form to eligible shareholders, offering them the opportunity to purchase additional fully paid ordinary shares in the Company at a 5% discount. The Share Purchase Plan entitles eligible shareholders to purchase up to $30,000 worth of Shares at a per Share price of $0.02, representing a 5% discount to the 5-day volume weighted average price of the Company's Shares up to the Record Date of 30 April 2024. The funds raised through this plan will primarily be used to fund exploration and development activities at Leonora covering the Mt George and Malcolm Projects, along with exploration for critical minerals at the Mt Feltman and Lake Johnston Projects, and for general working capital purposes. Shareholders are encouraged to carefully consider the terms and conditions of the Offer and obtain their own financial advice before deciding whether to participate in the Offer.