Matsa Resources Adjusts Loyalty Option Pricing, Reduces Entitlement Offer Proceeds

Matsa Resources Limited (Matsa) (ASX: MAT) has announced an update to the pricing of its loyalty options under the non-renounceable pro-rata entitlement offer. After consulting with the ASX and following ASX Listing Rule 7.11.2, the company has reduced the issue price of the loyalty options from AU$0.0025 to AU$0.002 per option.

As a result of this pricing adjustment, the total proceeds from the entitlement offer will decrease by approximately AU$65,009, reducing the anticipated funds raised from AU$325,044 to AU$260,035. This adjustment assumes no additional shares will be issued and none of the current options will be exercised before the record date.

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