Rumble extends $3 million SPP

Rumble Resources (ASX:RTR) has extended the closing date of its $3 million share purchase plan (SPP) to 5:00pm AEST on Thursday 28 September 2023. 

The $89.87 million market capitalisation company says its board has resolved to extend the SPP closing date to provide eligible shareholders with additional time to review the SPP offer documentation and make an informed decision on their application to participate. 

The SPP was initially slated to close on Thursday 31 August.

Under the SPP, eligible shareholders can subscribe for $30,000 worth of new shares in Rumble at  $0.135 per share. It was launched in tandem with an $8.1 million share placement at the same price, which Rumble completed earlier this month. 

The company notes shareholders who have already applied for shares under the SPP are not required to re-submit their application form unless they wish to apply for additional shares up to the $30,000 maximum.

If all goes according to plan, new shares issued under the SPP will now begin trading on 6 October.  

Rumble Resources is an Australia-based exploration company focused on advancing the ‘emerging world-class’ zinc-lead-silver discovery at the Earaheedy Project in Western Australia.

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Images: Rumble Resources
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.