Resource Base Limited Announces Entitlement Offer for Loyalty Options

Resource Base Limited ( (AU:RBX) ) has issued an announcement.

Resource Base Limited has announced a non-renounceable pro-rata entitlement offer, providing eligible shareholders with the opportunity to acquire unquoted options, termed ‘Loyalty Options,’ at a price of $0.003 each. This initiative aims to raise approximately $86,388 before costs. The offer is fully underwritten by the company’s directors, ensuring any shortfall will be covered. This move is expected to strengthen the company’s capital base, potentially impacting shareholder value and market positioning.

More about Resource Base Limited

Resource Base Limited is a company listed on the Australian Securities Exchange (ASX:RBX), focusing on resource exploration and development. The company is involved in offering financial instruments such as shares and options to its shareholders.

YTD Price Performance: -10.0%

Average Trading Volume: 89,142

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$4.15M

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