Overview of Flynn Gold's Rights Issue Prospectus

Flynn Gold Limited (ASX: $FG1) is offering a renounceable pro-rata rights issue, providing eligible shareholders in Australia or New Zealand with the opportunity to acquire one fully paid ordinary new share for every two fully paid ordinary shares held. The issue price for the new shares is set at $0.03 per share. Additionally, every two new shares will be accompanied by one free-attaching option with an exercise price of $0.075, expiring 30 months from issue. The rights issue is partially underwritten by Mahe Capital Pty Ltd for $750,000 before costs. The company has also incorporated an offer of up to a maximum of 4,924,227 new options to the underwriter as part fees for underwriting the Rights Issue. The prospectus, dated 4 April 2024, provides a detailed overview of the offers, including the entitlement and acceptance process, continuous disclosure obligations, terms of securities offered, director's interests, taxation, overseas investors, and privacy.

Executive Commentary on Rights Issue and Underwriter Option Offer

The company is pleased to announce the launch of the renounceable pro-rata rights issue and the underwriter option offer. These initiatives aim to raise up to $2.46 million before costs, with the rights issue offering eligible shareholders the opportunity to participate in the company's growth by acquiring new shares and free-attaching options. We have taken steps to ensure that the prospectus provides comprehensive information on the offers, including the process for accepting entitlements, continuous disclosure obligations, and the terms of the securities offered. It is important for recipients to carefully consider the information provided and seek independent advice before making any investment decisions related to the offers.

Summary of Flynn Gold's Rights Issue and Underwriter Option Offer

Flynn Gold Limited (ASX: $FG1) has issued a Prospectus for a Renounceable Rights Issue and an Underwriter Option Offer, aiming to raise up to $2.46 million before costs. The company emphasizes the importance of seeking independent advice before making investment decisions and highlights that the information in the Prospectus does not constitute financial product advice. Eligible shareholders have various choices available under the Rights Issue, including taking up their entitlement in full, applying for additional new shares and free-attaching new options from the Shortfall, trading some or all of their entitlement, or allowing their entitlement to lapse. The Prospectus provides detailed information on the entitlement and acceptance process, continuous disclosure obligations, terms of securities offered, director's interests, taxation, overseas investors, and privacy. The company's directors have provided a responsibility statement, emphasizing the transparency and integrity of the offers.