Matsa Resources Announces New Entitlement Offer

Matsa Resources Limited (AU:MAT) has released an update.

Matsa Resources Limited has launched a fully underwritten entitlement offer to raise $260,035, allowing eligible shareholders to acquire one Loyalty Option for every five shares at $0.002 each. The funds will be used for the development of the Devon Pit Gold Project and other operational needs. Westar Capital Limited manages and underwrites the offer, which will be available to shareholders in Australia, New Zealand, and Germany.

For further insights into AU:MAT stock, check out TipRanks’ Stock Analysis page.