Ann: Entitlement Offer to Shareholders, page-4

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    What’s Happening?

    MRG Metals (ASX:MRQ) is raising up to $817,956 by offering options to existing shareholders. It’s a 3-for-10 entitlement offer, meaning for every 10 shares you own, you can buy 3 new options.

    • Offer price: $0.001 per option (0.1 cents)

    • Exercise price: $0.004 (0.4 cents)

    • Expiry date: 19 August 2027

    • Non-renounceable: You can’t sell or transfer your entitlement

    • Shortfall offer: If others don’t take up their options, you can apply for extras


    What Will the Money Be Used For?

    MRG plans to spend the funds on exploration and drilling across several projects in Mozambique:

    • Linhuane HMS: $100K

    • Adriano REE & TH: $100K

    • Fotinho REE & TH: $75K

    • Olinga Uranium: $75K

    • Tenement maintenance & admin: $467,956


    Key Dates

    EventDate
    Record date (to qualify)25 July 2025
    Offer opens29 July 2025
    Offer closes15 August 2025
    Results announced20 August 2025


    Extra Notes

    • MRG says its Sinowin JV is fully funding the HMS production (target: 440,000 tpa).

    • Linhuane is described as a potential “company-maker” due to high-grade mineral sands.

    • The offer is not underwritten and has no lead manager.

    • MRQO option holders aren’t eligible due to ASX rules.

 
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