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Right Resources Limited (ASX:RRE)
ALERT: Price-sensitive ASX Announcement for RRE
Current share price for RRE : $0.090 -0.001 (-1.10%)+
Announcement
Release
5 Aug 2026 12:28PM
Price at Release
$0.091
Full Release
Summary
The prospectus for Right Resources Limited, dated 5 August 2026, outlines the company's financial position, share placements, director remuneration, and risks associated with investment. It includes details of the Capital Raising initiative, which aims to collect $1 million through a Share Purchase Plan (SPP) Offer and a Placement Options Offer. These funds are intended to advance exploration projects in New South Wales. A total of 153,187,110 shares will be issued following the Offers. The document also highlights director interests, substantial shareholders, and provides a pro forma statement of financial position as of 31 December 2025.
Key Points
- Prospectus issued to facilitate secondary trading of shares.
- Capital Raising aims for $1 million under SPP Offer.
- 153,187,110 shares to be on issue post-Offers.
- Directors' remuneration details for 2025 and 2026 financial years.
- Major shareholders include NQ Goldfields Pty Ltd and Syed Abdel Nasser Bin Syed Hassan Aljunied.
- Funds to be used for exploration in NSW regions.
- No legal proceedings pending against the company as of prospectus date.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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