Business
Rincon Resources Limited - Loyalty Option Entitlement Offer
Rincon Resources Limited - Loyalty Option Entitlement
About this update from Rincon Resources Ltd.
[{"type":"text","content":"Rincon Resources Limited (ASX: RCR) ('Rincon' or 'Company') is pleased to announce that it has lodged with ASX and ASIC a Prospectus for non-renounceable entitlement issue of one Option for every three Shares held by those Shareholders registered at the Record Date at an issue price of $0.001 per Option, to raise up to approximately $97,520 (Loyalty Offer).\nEligible shareholders who hold Shares at 5:00pm WA on Thursday, 24 July 2025 will be able to participate in the Loyalty Offer. The options under the Loyalty Offer will have an exercise price of $0.03 per share and an expiry date of 18 months following the issue of the options. The Company will not apply for Official Quotation of the Options offered pursuant to this Prospectus.David Lenigas, the Company's Chairman, comments; 'It's been a very challenging time for Rincon shareholders over the past year and like all shareholders we as a board look forward to the work programs we have planned at our Telfer, Laverton and Crackerbox gold assets in Western Australia. A lot of on-ground activities and drilling are planned over these next few months, and we as a board are hopeful that this will be a new and exciting era for the Company. This Loyalty Offer is being made to shareholders in return for their long-term support through difficult times.'\nContact:Mike Griffiths\nTel: +61 (8) 6555 2950\nEmail: [email protected] Lenigas\nEmail: [email protected]\nAbout Rincon\nRincon has 100% interest in three exploration assets in Western Australia that are highly prospective for copper, gold and other critical metals required for the energy transition. These are the South Telfer Project, West Arunta Project, and the Laverton Project. Each asset has previously been subject to historical exploration which has identified prospective mineral systems that warrant further exploration. The Company's aim is to create value for its shareholders by advancing its assets through the application of technically sound, methodical, and systematic exploration programs to test, discover, and delineate economic resources for mining.(C) 2025 Electronic News Publishing, source ENP Newswire","length":2708,"tagName":"div"}]