Lodestar Minerals Boosts Loyalty Offer with Enhanced Option Ratio
Lodestar Minerals has launched a revised loyalty options offer, increasing the allocation ratio to one option per twenty shares, aiming to reward shareholders and potentially raise capital.
- Revised loyalty options ratio – 1 option per 20 shares
- Non-renounceable pro-rata bonus issue to eligible shareholders
- Options to be quoted on ASX with key dates in August 2025
- Offer open to shareholders in Australia, New Zealand, and the UK
- Potential capital raising through option exercise
Lodestar’s Loyalty Offer Revamped
Lodestar Minerals Limited (ASX – LSR) has taken a notable step to engage and reward its shareholder base by lodging a prospectus for a bonus issue of loyalty options. Initially announced in late June with a ratio of one option for every thirty shares, the company has now improved the offer to one option for every twenty shares held as of the record date. This adjustment signals Lodestar’s intent to provide greater value to its loyal investors.
Details and Timetable
The loyalty options are non-renounceable and pro-rata, meaning eligible shareholders cannot transfer their rights but will receive options proportionate to their shareholding. The offer targets shareholders registered by 5 – 00pm AWST on 12 August 2025, specifically those residing in Australia, New Zealand, and the United Kingdom, reflecting Lodestar’s key investor markets.
The company plans to list these new options on the ASX, with quotation expected from 22 August 2025. Key dates include the ex-date on 13 August and the record date on 14 August, with the final issuance and ASX lodgement anticipated by 21 August. While these dates are indicative and subject to change, they provide a clear framework for shareholders to participate.
Strategic Implications
This loyalty options offer serves multiple strategic purposes. It rewards existing shareholders for their continued support, potentially incentivizing them to maintain or increase their holdings. Additionally, the exercise of these options could provide Lodestar with a fresh injection of capital, supporting its exploration activities across its portfolio, including projects in Western Australia and Chile.
Lodestar’s portfolio includes base metal and gold exploration projects such as Earaheedy and Ned’s Creek in Western Australia, alongside interests in lithium exposure through Future Battery Minerals. The capital raised from this offer could underpin further exploration and development, critical in a competitive mining sector.
Market and Shareholder Reception
While the offer is designed to be attractive, the ultimate impact will depend on shareholder uptake and market conditions. The company reserves the right to amend or withdraw the offer, reflecting the inherent uncertainties in capital raising exercises. Investors will be watching closely to see how this initiative influences Lodestar’s share price and liquidity in the weeks ahead.
Bottom Line?
Lodestar’s enhanced loyalty options offer could be a pivotal move to strengthen shareholder ties and fuel exploration ambitions.
Questions in the middle?
- What level of shareholder participation will Lodestar achieve in this loyalty offer?
- How will the exercise of options impact Lodestar’s capital structure and share price?
- Could this capital raise accelerate progress on Lodestar’s key exploration projects?
