Dateline Resources appoints lead manager for rights issue

Dateline Resources Limited (ASX: $DTR) has appointed independent full-service broking firm Mahe Capital Pty Ltd (AFS Licence 517246) as the Lead Manager to oversee the Company's recently announced partially underwritten non-renounceable rights issue offer. The offer aims to raise up to approximately $4.2 million. The Lead Manager will also be responsible for seeking to place any New Shares that were not taken up by Eligible Shareholders under the Rights Issue.

Executive commentary on appointment of lead manager

The Company has agreed to pay the Lead Manager a fee based on the total amount raised under the Rights Issue and under the Shortfall Placement. Additionally, the Company has agreed to indemnify the Lead Manager and its related bodies corporate against any losses incurred in connection with the Rights Issue. Further details of the Rights Issue and the appointment of the Lead Manager are set out in the offer booklet for the Rights Issue, which will be sent to Eligible Shareholders on or about 19 June 2024.

Summary of appointment and rights issue

Dateline Resources Limited has appointed Mahe Capital Pty Ltd as the Lead Manager to oversee its $4.2 million non-renounceable rights issue offer. The Lead Manager will also manage the Shortfall Placement and will receive 1 unquoted option for every 2 New Shares issued under the Shortfall Placement. The Company has agreed to pay the Lead Manager a fee based on the total amount raised under the Rights Issue and under the Shortfall Placement. Additionally, the Company has agreed to indemnify the Lead Manager and its related bodies corporate against any losses incurred in connection with the Rights Issue. The offer booklet for the Rights Issue, containing further details, will be sent to Eligible Shareholders on or about 19 June 2024. The Company's pro forma balance sheet, as set out in the offer booklet lodged on ASX on 11 June 2024, will be updated and sent to Shareholders on 19 June 2024.