Cape Lambert Resources Limited: Capital Raising
(firmenpresse) - Cape Lambert Resources Limited: Capital Raising
Australian resources and investment company, Cape Lambert Resources Limited (ASX: CFE) (Cape Lambert or the Company) is pleased to announce that it will be undertaking a placement of up to 37,036,361 fully paid ordinary shares (Shares), at an issue price of $0.055 per Share to raise proceeds of up to $2.0million (before expenses) (Placement). The Company will also be issuing one free attaching unquoted option for every two shares applied for under the Placement as well as issuing 5 million options to facilitators of the Placement which are exercisable at $0.07 (7 cents) expiring 2 years from the date of issue (Placement Options).
The funds raised will be used towards funding its exploration expenditure activities at the Kipushi Cobalt-Copper Tailings Project in the Democratic Republic of Congo and for general working capital purposes.
Cape Lamberts Chairman, Tony Sage, said the strong support shown from European and Australia sophisticated investors is a great result for the Company and it enables Cape Lambert to continue exploration and development activities at its Kipushi Cobalt-Copper Project.
The Company confirms it resolved to raise the capital by way of a placement to sophisticated and professional investors as this was considered to be the most expedient mechanism for raising funds in a timely manner. Shares and Placement Options pursuant to the Placement will be issued in accordance with the Companys capacity under Listing Rules 7.1 once all the funds have been received.
Yours faithfully
Cape Lambert Resources Limited
Tony Sage
Executive Chairman
Cape Lambert Resources Limited (ASX: CFE) is a fully funded mineral development company with exposure to iron ore, copper, gold, uranium, manganese, lithium and lead-silver-zinc assets in Australia, Europe, Africa and South America.
Australian Securities Exchange
Code: CFE
Ordinary shares
873,625,369
Unlisted Options
23,500,000 ($0.05 exp 31 Dec 2018)
Board of Directors
Tony Sage-
Executive Chairman
Tim Turner-
Non-executive Director
Stefan Muller
Non-executive Director
Melissa Chapman
Company Secretary
Cape Lambert Contact
Investor Relations
Phone: -+61 8 9380 9555
Email:-info(at)capelam.com.au
www.capelam.com.au
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Datum: 13.03.2018 - 07:20 Uhr
Sprache: Deutsch
News-ID 573220
Anzahl Zeichen: 2620
contact information:
Town:
Wien
Kategorie:
Business News
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