Sultan Resources Issues 91.4 Million Bonus Options After Non-Renounceable Offer Closes 4 November 2026

Mukul

10 November 2026 08:05 PM AEDT

Sultan Resources Issues 91.4 Million Bonus Options After Non-Renounceable Offer Closes 4 November 2026

Image Source: Krish Capital Pty Ltd

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Sultan Resources Limited (ASX:SLZ) has disclosed the results of its non-renounceable pro-rata bonus option offer, confirming valid applications exceeded the total options available under the prospectus dated 8 October 2026, with 91,431,560 Bonus Options to be issued on 11 November 2026, raising $91,432 before costs.

Key Points

The non-renounceable bonus option offer closed at 5:00pm AWST on 4 November 2026
Valid applications were received for 67,768,170 Bonus Options under the Offer and 178,452,040 under the Shortfall Offer
Total applications exceeded the 91,431,560 Bonus Options available under the Prospectus
91,431,560 Bonus Options will be issued on 11 November 2026, raising $91,432 before costs
No shortfall will remain following allocation in accordance with Section 2.6 of the Prospectus

Bonus Option Offer Terms and Eligibility

The offer was made to shareholders with a registered address in Australia or New Zealand on the record date of 14 October 2026. Eligible shareholders were offered the opportunity to subscribe for one new option for every eight ordinary shares held in the company, at an issue price of $0.001 per option. The Bonus Options carry an exercise price of $0.03 and will expire on 12 July 2030, according to the filing.

Application Results and Shortfall Offer Outcome

Sultan Resources received valid applications for 67,768,170 Bonus Options under the main Offer and a further 178,452,040 Bonus Options under the Shortfall Offer. The combined applications exceeded the 91,431,560 Bonus Options available under the Prospectus. The company stated that applications under the Shortfall Offer will be allocated in accordance with Section 2.6 of the Prospectus, and confirmed that no shortfall will remain following the allocation process.

Issue Timetable and Funds Raised

Sultan Resources disclosed that it will issue 91,431,560 Bonus Options on 11 November 2026, in accordance with the revised timetable announced on 22 October 2026. The total amount to be raised from the issuance is $91,432 before costs. Sultan Resources is described in the filing as a multijurisdictional gold and critical minerals exploration company with projects in the Lachlan Fold Belt and a newly acquired Damara Orogenic copper and gold project.

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