Red Mountain Mining Limited (RMX.AX) Unmarketable Parcel Sale Facility
Perth, Sep 11, 2026 AEST (ABN Newswire) - Red Mountain Mining Ltd (
ASX:RMX) (RMXFF:OTCMKTS) announced its establishment of a share sale facility for holders of less than a marketable parcel (being a parcel of securities with a market value of less than $500) (Less Than Marketable Parcel) of the Company's shares.
As at 5:00pm (Perth time) on 10 September 2026 (Record Date), a Less Than Marketable Parcel of shares is any shareholding of 45,454 ordinary shares or less, based on the closing price of $0.011 on the Record Date.
The Company is offering this sale facility to assist holders of a Less Than Marketable Parcel to sell shares without having to use a broker or pay brokerage. The Company will pay for all the costs of the sale for shareholders who use this facility, excluding tax consequences from the sale which remain the shareholder's responsibility.
The Company values all shareholders, however, it incurs significant administrative costs maintaining a large number of Less Than Marketable Parcels. By facilitating this sale, the Company expects to reduce the administrative costs associated with maintaining a large number of very small holdings.
Shareholders who own 45,454 shares or more will not be eligible to participate in the share sale facility.
Holders of Less Than Marketable Parcels of shares (Minority Member) that wish to sell shares through this facility do not need to take any action. If Minority Members do not wish to sell shares through this facility, they must complete and return the notice of retention form to the Company's share registry, Automic, by 5:00pm (Perth time) on 23 October 2026.
A summary of the key dates in relation to the Facility is shown in Table 1*.
The Company may modify these dates or suspend or terminate the Facility in its absolute discretion, subject to the requirements of the ASX Listing Rules and the Company's Constitution. Any modification, suspension or termination will be notified to shareholders by way of a market announcement.
Upon the sale of the Less Than Marketable Parcel shares by Xcel Capital Pty Ltd, the broker appointed by the Company, proceeds shall be forwarded to eligible shareholders as soon as practicable.
*To view tables and figures included in the announcement, as well as to view a copy of the letter and the notice of retention form that will be mailed to shareholders, please visit:
https://abnnewswire.net/lnk/POX97E30
About Red Mountain Mining Limited
Red Mountain Mining Limited (ASX:RMX) is a mineral exploration and development company. Red Mountain has a portfolio of US, Canada and Australia projects in Critical Minerals and Gold. Red Mountain is advancing its Armidale Antimony-Gold Project in NSW, Utah Antimony Project in the Antimony Mining District of Utah, US, Fry Lake Gold Project and US Lithium projects.
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