Matsa Resources Launches Loyalty Option Rights Issue

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

Matsa Resources Limited has announced a non-renounceable rights issue, offering 1 Loyalty Option for every 5 shares held at $0.0025 each to raise about $325,044 before costs. The Loyalty Options, which expire on 30 September 2027, are underwritten by Westar Capital Limited and have an exercise price of $0.05. Shareholders interested in the offer must follow the instructions provided and submit their payment by the deadline specified in the company’s prospectus.

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