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ALBRIGHT METALS LTD — Capital/Financing Update 2018
Mar 1, 2018
64281_rns_2018-03-01_16705d86-8549-4ef0-9aab-1d905b358b0b.pdf
Capital/Financing Update
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ASX Announcement
1 MARCH 2018
Release of Unlisted Securities from Escrow
Bryah Resources Limited [ASX: BYH] refers to its announcement dated 24 January 2018 and advises that in addition to the listed securities referred to in that announcement, the following unlisted securities were also released from escrow on the dates set out below:
| SECURITY | NUMBER | RELEASE DATE |
|---|---|---|
| Unlisted Options, exercise price 30c,Expiring 30 April 2020 | 1,450,000 | 13 February 2018 |
| Unlisted Options, exercise price 30c,Expiring 30 April 2020 | 1,250,000 | 21 February 2018 |
The escrowed securities were subject to ASX escrow provisions for 12 months from their date of issue.
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Neil Marston Managing Director
About Bryah Resources Limited
In October 2017 Bryah Resources Limited raised $5 Million and was admitted to the official list on the Australian Securities Exchange (ASX). The Company is a copper-gold focused explorer with 2 projects located in central Western Australia, being the 718 km[2] Bryah Basin Project and the 202km[2] Gabanintha Project.
The Bryah Basin is host to the high-grade copper-gold mines at DeGrussa, discovered by Sandfire Resources NL in 2009, and at Horseshoe Lights, which was mined up until 1994.
Bryah Resources Limited’s exploration strategy is:
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to apply the best and latest exploration methods to evaluate the ground;
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to use high resolution geophysics to identify deeper structures and potentially mineralised zones;
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to drill test targets below the depth of previous drilling, and
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to apply maximum funds on exploration activities.
At Gabanintha, Bryah holds the rights to all minerals except Vanadium/Uranium/Cobalt/Chromium/ Titanium/Lithium/Tantalum/Manganese & Iron Ore (Excluded Minerals). Australian Vanadium Limited retains 100% rights in the Excluded Minerals on the Gabanintha Project.
ASX Code: BYH Projects ABN: 59 616 795 245 Bryah Basin – Copper, Gold Shares on issue: 56,350,120 Gabanintha –Gold, Copper Latest Share Price: $0.14 Market Capitalisation: $7.6M bryah.com.au
Address Level 1, 85 Havelock Street West Perth WA 6005 Tel: +61 8 9321 0001 Email: [email protected]