The Entitlement Issue provides the opportunity for eligible shareholders as at the record date (to be advised) to subscribe for one (1) new Share, at 2.6 cents per Share, for every five (5) Shares held on the record date.
As the Entitlement Issue is non-renounceable, the rights cannot be transferred or sold. Up to approximately 153.58 million Shares may be issued pursuant to the Entitlement Issue. Shares issued under the Entitlement Issue will rank equally with Shares which the Company currently has on issue. The Entitlement Issue is not underwritten and directors will retain the right to place any shortfall on the same terms.
Further details of the Entitlement Issue, including details of the timetable and key risks of the Entitlement Issue will be set out in an Offer Document which will be lodged with ASIC as soon as practicable, released to the ASX and available on the Mustang website at http://www.mustangresources.com.au
MUS Price at posting:
2.7¢ Sentiment: None Disclosure: Held
