Overview of Javelin Minerals' Entitlement Offer

Javelin Minerals Limited (ASX: $JAV) has announced a non-renounceable pro rata Entitlement Offer to raise up to approximately $1,100,000. The offer comprises approximately 1,088,115,541 New Shares and 1,088,115,541 attaching New Options at an issue price of $0.001 per New Share, along with one attaching New Option exercisable at $0.002 on or before 31 December 2028. The Lead Manager for the offer is Shaw and Partners Ltd, and the Legal Adviser is Bennett Litigation and Commercial Law.

Executive Commentary on Entitlement Offer and New Option Terms

The Prospectus for the non-renounceable pro rata Entitlement Offer, including the terms and conditions of the New Option, has been lodged with ASIC. The purpose of the Offers is to raise funds for working capital and evaluating new project opportunities. It's important to note that the Directors have not included forecasts in the Prospectus due to the high-risk nature of mineral exploration and the speculative nature of mineral exploration.

Overview of Javelin Minerals' Announcement

Javelin Minerals Limited (ASX: $JAV) has announced a non-renounceable pro rata Entitlement Offer to raise up to approximately $1,100,000. The offer includes New Shares and attaching New Options at specified issue prices. The company aims to utilize the raised funds for working capital and exploring new project opportunities. The Prospectus has been lodged with ASIC, and the Offers are not underwritten. Additionally, the company has highlighted the risk factors associated with subscribing for New Shares, including potential dilution, additional capital requirements, and various operational and market risks. The company has also entered into an agreement with Shaw and Partners as the lead manager for the offers, and the Prospectus has been authorized by a resolution of the directors.