Overview of Burley Minerals Ltd's Share Purchase Plan

Burley Minerals Ltd (ASX: $BUR) is offering eligible shareholders the opportunity to subscribe for up to $30,000 of new fully paid ordinary shares in the Company under a share purchase plan. The offer closes at 5pm (WST) on 10 May 2024. Shareholders can participate in the offer without incurring brokerage costs. The offer provides the opportunity to purchase additional shares at a discount without brokerage and transaction costs. It's important to note that the offer does not take into account the individual investment objectives, financial situation, or particular needs of each eligible shareholder. Therefore, shareholders are advised to consult their financial or other professional adviser before making a decision whether or not to accept the offer.

Executive Commentary on the Share Purchase Plan

The Share Purchase Plan (SPP) offered by Burley Minerals Ltd provides eligible shareholders with the opportunity to increase their shareholding in the company at a discounted price. This initiative aims to strengthen the company's capital base and enhance shareholder participation. The SPP is in line with the company's strategy to provide existing shareholders with the chance to acquire additional shares without incurring brokerage costs. It's important for shareholders to carefully consider their individual financial circumstances and seek professional advice before deciding to participate in the SPP.

Summary of Burley Minerals Ltd's Share Purchase Plan

Burley Minerals Ltd (ASX: $BUR) is pleased to offer eligible shareholders the opportunity to subscribe for up to $30,000 of new fully paid ordinary shares in the Company under a share purchase plan. The offer price of $0.05 per share represents a 13.4% discount to the volume weighted average market price of shares over the last five days prior to the announcement of the SPP. The SPP aims to raise up to a maximum of $500,000 before costs. Shareholders are encouraged to carefully review the terms and conditions of the offer and seek professional financial advice before deciding to participate. The company recommends monitoring its announcements and share price, which can be found on its website and the ASX website. The offer closes at 5pm (WST) on 10 May 2024, and shareholders are advised to submit their applications before the closing date.