Pure Resources Limited Announces Proposed Issue of Securities

Pure Resources Limited (ASX: PR1) has announced a proposed securities issue with key dates and details. The issuance includes a standard pro-rata non-renounceable offer and a placement. The pro-rata offer will see up to 3.5 million ordinary shares and an equal number of options expiring on April 10, 2025, issued at AU$0.10 per share.

The placement will issue up to 8.1325 million ordinary shares and 5.5 million options with the same expiration date. Key dates include the ex-date on August 7, 2024, the record date on August 8, 2024, and the issue date on August 29, 2024. Funds will support exploration projects, including the newly acquired Garnet Hills Project.

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