Asra Minerals' bonus issue announcement

Asra Minerals Limited (ASX:ASR) has announced the issuance of bonus unlisted options (Bonus Options) to eligible shareholders. Eligible shareholders will receive one Bonus Option for every ten Asra shares held at 5:00pm (AWST) on Thursday, 3 October 2024, for no consideration. Each Bonus Option is convertible into one fully paid ordinary share in the Company, exercisable at $0.01 per Bonus Option with an expiry date of 5:00pm (AWST) on Thursday, 2 September 2027. Shareholders with a registered address in Australia or New Zealand are eligible to receive the Bonus Options without the need for any action or application money. The capital raised through the exercise of the Bonus Options will be utilized for general working capital purposes.

Executive Commentary on Bonus Options Issuance

The issuance of Bonus Options to eligible shareholders is a strategic move aimed at providing additional benefits to our shareholders. This initiative is part of our commitment to creating value for our shareholders and ensuring their continued participation in the Company's growth. We believe that this bonus issue will further align the interests of the shareholders with the long-term success of Asra Minerals. We encourage all eligible shareholders to review the full Bonus Option terms available in the prospectus on the Company's ASX announcement platform following this announcement.

Summary of Asra Minerals' Bonus Options Issuance

Asra Minerals Limited (ASX:ASR) has announced the issuance of Bonus Options to eligible shareholders, providing one Bonus Option for every ten shares held. The Bonus Options are convertible into fully paid ordinary shares in the Company, exercisable at $0.01 per Bonus Option with an expiry date of 2 September 2027. Shareholders in Australia or New Zealand are eligible for this bonus issue without the need for any action or application money. The capital raised through the exercise of the Bonus Options will be utilized for general working capital purposes. This strategic move aims to align the interests of the shareholders with the long-term success of Asra Minerals, demonstrating the Company's commitment to creating value for its shareholders and ensuring their continued participation in the Company's growth.