Matsa Resources (ASX:MAT) has secured an underwriting agreement with WACC, trustee for the unrelated party flagship fund, to fully underwrite the exercise of up to 10 million unlisted options exercisable at AU$0.07 each, expiring on Sept. 7, according to a Friday filing with the Australian bourse.
The underwriter will buy any unexercised options at expiry, up to AU$700,000, with the flagship receiving a 6% fee, the filing said.
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