Matsa Resources Limited (ASX:MAT) has announced a decision to decrease the issue price of the loyalty options under the non-renounceable pro-rata entitlement offer (Entitlement Offer) from $0.0025 to $0.002 per loyalty option. This reduction results in the total proceeds of the Entitlement Offer being decreased by approximately $65,009 from $325,044 to $260,035, assuming no new shares are issued and no existing options are exercised prior to the Record Date. A replacement prospectus reflecting the New Issue Price has been lodged with ASIC.
The Company has decided to lower the issue price of the loyalty options under the Entitlement Offer in consultation with ASX and pursuant to ASX Listing Rule 7.11.2. This decision aims to provide better value to the shareholders and reflects the Company's commitment to maximizing shareholder participation in the Entitlement Offer.
Matsa Resources Limited (ASX:MAT) has announced a reduction in the issue price of the loyalty options under the Entitlement Offer, resulting in a decrease in the total proceeds of the offer. The Company has emphasized its commitment to maximizing shareholder participation through this decision. The updated timetable for the Entitlement Offer has been provided, and the Company reserves the right to vary the dates, including the closing date, subject to the Corporations Act 2001 (Cth) and the ASX Listing Rules. The decision to lower the issue price reflects Matsa Resources' dedication to providing value to its shareholders and ensuring their active involvement in the Entitlement Offer.