Right Resources Limited Announces Prospectus for SPP Offer
Key points
- Prospectus issued for SPP Offer to Eligible Shareholders
- Offer price set at $0.09 per New Share
- One free Option for every two New Shares subscribed
- Closing Date for Offers is 14 September 2026
Full summary
Right Resources Limited has issued a prospectus for a securities purchase plan (SPP) offer to eligible shareholders, allowing them to subscribe for up to $30,000 of new fully paid ordinary shares at an issue price of $0.09 per share. Additionally, eligible shareholders will receive one free option for every two new shares subscribed, exercisable at $0.09 each on or before the date that is two years from the date of issue. The offer aims to raise up to $1 million before costs. The closing date for the offers is 14 September 2026. The issue of new securities under the SPP offer is subject to shareholder approval, which will be sought at a general meeting to be held on or around 4 September 2026.
Guidance
Targeting to raise up to $1 million before costs
Outlook
The SPP offer aims to raise capital to fund company operations and growth opportunities.
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