Matsa Resources Limited Announces Rights Issue

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.

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