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Get the free RENOUNCEABLE RIGHTS ISSUE TO RAISE UP TO A$3.3m

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News release For Immediate Dissemination19 October 2021Reminder to Shareholders of Annual General Meeting October 27, 2021 Macarthur Minerals Limited (ASX: MIO) (TSXV: MMS) (OTCQB: MMSDF) (the Company
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How to fill out renounceable rights issue to

01
Receive the offer document from the company regarding the renounceable rights issue.
02
Read the offer document carefully to understand the terms and conditions of the rights issue.
03
Decide whether you want to exercise your rights to buy more shares or renounce them.
04
Fill out the renounceable rights issue form provided in the offer document with the necessary details such as your name, contact information, number of rights to be renounced or exercised, and payment details.
05
Submit the filled-out form along with any required payment to the designated entity before the deadline mentioned in the offer document.

Who needs renounceable rights issue to?

01
Investors who want to maintain or increase their ownership stake in the company by purchasing additional shares at a discounted price.
02
Shareholders who are not interested in purchasing additional shares but want to sell their rights to someone else for a profit.
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A renounceable rights issue is a type of corporate action in which a company offers its existing shareholders the right to purchase additional shares at a predetermined price, usually at a discount to the current market price, and allows them to sell those rights to other investors if they choose not to exercise them.
The company that is issuing the renounceable rights must file the necessary documentation with the relevant regulatory authorities and stock exchanges.
Companies must complete the appropriate application forms provided by regulatory authorities, providing details about the rights issue, including the number of shares being offered, the price, the deadline for shareholders to exercise their rights, and any other essential terms.
The purpose of a renounceable rights issue is to raise capital for the company while giving existing shareholders the opportunity to maintain their proportional ownership in the company by purchasing the new shares before they are offered to the public.
The information that must be reported includes the terms of the rights issue, the number of shares offered, the subscription price, the issue date, the record date for determining eligible shareholders, and instructions on how to exercise the rights.
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