Matsa Resources Announces Entitlement Offer

Matsa Resources Limited (AU:MAT) has released an update.

Matsa Resources Limited is set to raise A$260,035 through a fully underwritten entitlement offer, allowing shareholders to purchase additional options at $0.002 each, which can be exercised at $0.05 until September 2027. The funds raised are earmarked for exploration activities on the company’s Devon Pit Gold Project, covering the offer’s costs, and providing working capital. The offer, detailed in a prospectus available on the company’s and ASX’s websites, is exclusive to eligible shareholders in Australia, New Zealand, and Germany.

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