Dateline Resources Limited's Renounceable Pro Rata Offer

Dateline Resources Limited (ASX: $DTR) is offering a renounceable pro rata offer to eligible shareholders, aiming to raise up to approximately $5.83 million before issue costs. The offer involves approximately 972 million new shares at an issue price of $0.006 per new share. The funds raised will be utilized to advance the company's Colosseum Gold and Rare Earths Project, reduce debt, and strengthen the company's balance sheet. The offer is lead managed by Mahe Capital Pty Limited (AFSL 517246).

Executive Commentary on the Renounceable Pro Rata Offer

The company is pleased to announce the renounceable pro rata offer, which presents an opportunity for eligible shareholders to participate in the company's growth and development. The funds raised through this offer will be instrumental in advancing our Colosseum Gold and Rare Earths Project, which holds significant potential. We are committed to prudent financial management and believe that reducing debt and strengthening our balance sheet will position us for long-term success. We appreciate the support from our lead manager, Mahe Capital Pty Limited, and look forward to the positive impact of this initiative.

Summary of Dateline Resources Limited's Renounceable Pro Rata Offer

Dateline Resources Limited (ASX: $DTR) is conducting a renounceable pro rata offer to raise funds for its Colosseum Gold and Rare Earths Project. The offer involves approximately 972 million new shares at an issue price of $0.006 per new share, aiming to raise up to approximately $5.83 million before issue costs. The company plans to utilize the funds to advance the mentioned project, reduce debt, and strengthen its balance sheet. The offer is subject to a minimum subscription of $1,974,691, and eligible shareholders can also apply for shortfall. It is important to note that the offer is not for publication or distribution in the United States of America. The company's website provides access to the Prospectus during the offer period, and investors are advised to review it thoroughly. The company's participation in the Clearing House Electronic Subregister System (CHESS) is also highlighted, with the new shares expected to be issued on August 2, 2024, and normal trading on ASX expected to commence on August 3, 2024.