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CANYON RESOURCES LIMITED — Capital/Financing Update 2020
Feb 6, 2020
64608_rns_2020-02-06_298f2265-6a95-407c-b3d4-48e84efc2ea9.pdf
Capital/Financing Update
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ASX:CAY
7 February 2020
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ASX ANNOUNCEMENT
SHARE PURCHASE PLAN
The Board of Canyon Resources Limited ( ASX:CAY) advises that the Share Purchase Plan (SPP) announced on 16 December 2019 closed on Tuesday 4 February 2020.
Under the terms of the SPP, eligible shareholders were offered the opportunity to subscribe for up to $30,000 worth of fully paid ordinary CAY shares at an issue price of 0.16 cents per share. CAY has received applications for $843,000 worth of shares which will see the issue of 5,268,750 Fully Paid Ordinary Shares.
The proposed use of funds raised under the SPP Offer is to progress the Company’s Minim Martap Bauxite Project and for working capital. The Directors would like to thank participating Shareholders for their ongoing support.
An Appendix 2A will be issued in due course with respect to the SPP.
This announcement has been approved for release by the Board.
John Lewis Company Secretary
Please direct all enquiries to : PHILLIP GALLAGHER Managing Director Canyon Resources Limited T: +61 8 6382 3342
Canyon Resources Limited ACN 140 087 261 L9/863 Hay street Perth WA 6000 | PO BOX 7606 Cloisters Square WA 6850 | p: +61 8 6382 3342 f: +61 8 9324 1502 | [email protected] | www.canyonresources.com.au