Truscott Mining Corporation Ltd (ASX: $TRM) has announced a non-renounceable entitlement issue, offering one (1) Share for every eighteen (18) Shares held by eligible Shareholders registered at the Record Date. The issue price is set at $0.06 per Share, aiming to raise approximately $577,890 before costs. The offer opens on Wednesday, 18 June 2024, and closes at 5:00pm (WST) on Wednesday, 2 July 2024, unless extended. The Offer is fully underwritten by Martin Place Securities.
On June 6, 2024, Peter N Smith, Chairman and Managing Director of Truscott Mining Corporation Ltd, extended an invitation to eligible Shareholders to participate in the non-renounceable entitlement issue. The purpose of the offer is to raise approximately $577,890 before costs, and the funds raised are intended to be used as outlined in Section 6.1 of the Offer Document. Shareholders are encouraged to carefully review the Offer Document and consider the key risk factors before making a decision.
Truscott Mining Corporation Ltd (ASX: $TRM) aims to raise approximately $577,890 through a non-renounceable entitlement issue, with the funds intended for specific purposes outlined in the Offer Document. The offer, fully underwritten by Martin Place Securities, opens on June 18, 2024, and closes on July 2, 2024. Shareholders are urged to consider the risks associated with the offer and consult professional advisers before participating. The Company's ongoing activities will require substantial expenditures, and there is no guarantee that the funds raised will be sufficient to achieve all the objectives of the Company's overall business strategy.