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Anson Resources extends share purchase plan closing date

The extension recognises the impact COVID-19 has had on the time taken for the prospectus and application forms to reach all shareholders.

Anson Resources Ltd -
The new closing date of the SPP offer is Friday, July 10

Anson Resources Ltd (ASX:ASN) has extended the closing date of its share purchase plan (SPP) until Friday July 10 to allow all eligible shareholders additional time to participate.

This decision recognises the impact COVID-19 has had on the time taken for the prospectus and application forms to reach all shareholders.

Anson has been alerted by several shareholders that the documents to enable them to participate in the SPP had not arrived in a timely manner.

Applications from some shareholders have already been received.

Updated indicative timetable.

The company has said all application monies must be received by this date and as previously announced, the price per share will be set at a 20% discount to the volume-weighted average price of Anson shares on ASX over the five trading days before the issue date.

Accordingly, a number of dates in the timetable in section 2 of the prospectus, including the general closing date for the prospectus, have changed.

The SPP will be partially underwritten to $1 million by Pendragon Capital Limited.

Funds raised will be used to advance the Paradox Brine Project pre-feasibility study, environmental studies, permitting, other exploration and for general working capital.

Quick facts: Anson Resources Ltd

Price: 0.0195 AUD

ASX:ASN
Market: ASX
Market Cap: $15.28 m
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