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    Rumble Resources (ASX:RTR) announces $2.9M entitlement offer

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    Rumble Resources unveiled a non-accelerated, non-renounceable pro-rata entitlement offer aiming to raise around $2.9 million.

    Eligible shareholders can buy one new share for every 10 existing shares at 4 cents per share.

    The offer opens on May 24 and will close on June 14 unless extended. The company plans to issue up to 73,039,427 new shares.

    Allocations include $840,000 each for metallurgical studies at the Earaheedy Project and drilling campaigns at the Western Queen Project.

    $280,000 is designated for mapping and geochemical sampling at the Wardawarra Project, with the remainder for working capital and offer costs.

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