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CADOUX LIMITED — Capital/Financing Update 2013
Oct 14, 2013
64620_rns_2013-10-14_05ff66b9-b800-41c4-be68-d0f8e1f7c5e3.pdf
Capital/Financing Update
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15 October 2013
ASX Market Update
FYI FINALISES PLACEMENT FOR WORKING CAPITAL AND PROJECT REVIEW
HIGHLIGHTS
Small placement to Sophisticated Investors.
Provides working capital to continue ongoing project reviews.
DETAILS
FYI Resources Limited (the Company) is pleased to announce that it has agreed to raise $265,000 through the issue of 5,300,000 fully paid ordinary shares (Placement) at an issue price of $0.05 per share. The Placement will be conducted by Peloton Capital.
The proceeds of the issue will be used for general working capital purposes and to fund the initial due diligence and filing costs associated with progressing several potential projects of interest, including a potash project the Company is currently reviewing.
The Company will provide an update as it further develops these opportunities.
Further Information:
Adrian Jessup Director Tel: (08) 9361 3100
Roland Hill Chief Executive Officer Tel: 0414666178
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53 Canning Highway, VICTORIA PARK, WA 6100 Tel: +61 8 9361 3100 Fax: +61 8 9361 3184 Website: www.fyiresources.com.au ACN 061 289 218