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BARYS RESOURCES LIMITED — Capital/Financing Update 2021
Nov 10, 2021
64567_rns_2021-11-10_6c5e50bf-9288-4855-8b76-a9735653ba71.pdf
Capital/Financing Update
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ASX RELEASE | 11 November 2021
ABOUT KOPORE METALS
Kopore Metals Limited is a public company listed on the Australian Securities Exchange (ASX) and is actively exploring its copper-silver prospects on the emerging world class Kalahari Copper Belt, located in the Republic of Botswana and in the Bryah Basin of Western Australia.
DIRECTORS & MANAGEMENT
PETER MEAGHER Non-Executive Chairman
CAROLINE KEATS Managing Director
VIRGO TRANSACTION WITH ARC MINERALS COMPLETES
On 4 November 2021, Kopore Metals Limited (“ Kopore ” or “ Company ”) announced it was proceeding to completion of the sale of 75% of the issued capital in its wholly owned subsidiary, Alvis-Crest (Proprietary) Limited, to Arc Minerals Limited (“ Arc ”) (the “ Transaction ”). The Transaction was first announced on 25 March 2021.
Kopore is pleased to advise that completion has now occurred and that 35,488,259 fully paid ordinary shares in Arc, based upon a 10-day VWAP of 3.3814 pence per share for a total consideration value of £1.2 million (approx. A$2.2 million) have been issued to Kopore (“ Consideration Shares ”). The Consideration Shares will be subject to customary orderly sale provisions.
GRANT FERGUSON Non-Executive Director
SIMON JACKSON Non-Executive Director
REGISTERED OFFICE Suite 5, 62 Ord Street West Perth WA 6005
Authorised by the Board of Kopore Metals Limited.
FOR FURTHER INFORMATION PLEASE CONTACT:
CAROLINE KEATS Managing Director
Kopore Metals Limited Tel. +61 8 9322 1587 [email protected] www.koporemetals.com