Overview of Miramar Resources Limited's Entitlement Offer and New Options Offer

Miramar Resources Limited (ASX: $M2R) has issued a prospectus detailing the terms of its Entitlement Offer and New Options Offer. The purpose of the Entitlement Offer is to raise up to $1,625,589 before costs, while the New Options Offer aims to remove trading restrictions and facilitate secondary trading of the Shares. The Offers are not extended to shareholders with a registered address outside Australia or New Zealand. The company's capital structure, pro-forma balance sheet, and rights and liabilities attaching to the Securities are also outlined in the prospectus.

Executive Commentary on Miramar Resources Limited's Prospectus

The Prospectus outlines the details of the Entitlement Offer and New Options Offer, emphasizing that the securities offered should be considered highly speculative. It is important for investors to seek professional advice before making any investment decisions. The company has no intention to update or revise forward-looking statements, except where required by law. The Offers are not intended for overseas shareholders, and the company will apply to participate in CHESS for investors who have or wish to have a sponsoring stockbroker. The Prospectus also includes a privacy statement regarding the collection, maintenance, and disclosure of personal information.

Summary of Miramar Resources Limited's Entitlement Offer and New Options Offer

Miramar Resources Limited (ASX: $M2R) is offering a pro-rata non-renounceable entitlement issue of 1 Share for every 1 Share held at an issue price of $0.008 per Share, along with one free New Option for every Share applied for and issued, to raise up to $1,625,589. The Prospectus also includes an offer of 134,993,389 New Options, subject to shareholder approval. The company emphasizes that the securities offered should be considered highly speculative and encourages investors to seek professional advice before making any investment decisions. The Prospectus also contains forward-looking statements and outlines the continuous disclosure obligations of the company. The document provides a comprehensive overview of Miramar Resources Limited's current financial activities and future plans, as outlined in the prospectus.