Sunstone Metals Limited (ASX:STM) offers SPP and Placement Options

Sunstone Metals Limited (ASX:STM) has announced the offers of up to 200,000,000 SPP Options and up to 250,000,000 Placement Options to participants. The Offers open on 16 September 2024 and close at 5:00 PM (Sydney time) on 7 October 2024. The SPP Options Offer and Placement Options Offer are subject to shareholder approval under ASX Listing Rule 7.1.

Executive Commentary

The Company is unable to rely on the relief granted by the ASIC Instrument for the SPP Options Offer. The relief granted by the ASIC Instrument does not cover the grant of the SPP Options, because they are a class of securities that are not quoted on the ASX. Accordingly, while the Company satisfies the conditions of the ASIC Instrument for the offer of Shares under the SPP, the Company is undertaking the SPP Options Offer under this Prospectus.

Summary

Sunstone Metals Limited (ASX:STM) has announced the offers of up to 200,000,000 SPP Options and up to 250,000,000 Placement Options to participants. The Offers open on 16 September 2024 and close at 5:00 PM (Sydney time) on 7 October 2024. The SPP Options Offer and Placement Options Offer are subject to shareholder approval under ASX Listing Rule 7.1. The Company is unable to rely on the relief granted by the ASIC Instrument for the SPP Options Offer, and the relief granted by the ASIC Instrument does not cover the grant of the SPP Options. Sunstone Metals Limited encourages potential investors to carefully consider the risks associated with the Offers and consult their professional advisers before deciding whether to apply for Securities pursuant to this Prospectus.