Matsa Resources Limited (AU:MAT) has released an update.
Matsa Resources Limited is launching a rights issue to raise approximately $260,035 by offering Eligible Shareholders the chance to buy 1 Loyalty Option for every 5 shares owned, at a price of $0.002 each. These Loyalty Options can be exercised at $0.05 each and will expire on September 30, 2027. The offer is fully underwritten by Westar Capital Limited, ensuring the company will receive the funds regardless of shareholder uptake.
For further insights into AU:MAT stock, check out TipRanks’ Stock Analysis page.
