DY6 Metals (ASX:DY6) has unveiled a Loyalty Option offer for its shareholders. This non-renounceable, pro-rata entitlement allows eligible shareholders to purchase 1 unlisted option for every 2 shares they hold. Priced at $0.007, these options are exercisable at $0.08 and expire 4 years from issuance. The offer is fully underwritten by the directors and aims to raise $204,750 before costs, funding exploration and working capital.
DY6 Metals has initiated a Loyalty Option offer, aiming to raise approximately $204,750. The offer is structured as a non-renounceable, pro-rata entitlement, providing shareholders in Australia and New Zealand the chance to acquire additional options. Funds raised will support exploration activities, cover offer-related costs, and bolster working capital. The company's directors are underwriting the offer, demonstrating confidence in its success. Key dates include the record date on December 30, 2024, and the closing date on January 14, 2025. DY6 Metals remains focused on its strategic goals, leveraging this funding to advance its exploration endeavors and enhance shareholder value.
The Loyalty Option offer reflects our commitment to rewarding our shareholders while strengthening our financial position to pursue exploration activities,' said the company's executive team.