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CANYON RESOURCES LIMITED — Capital/Financing Update 2025
Jun 17, 2025
64608_rns_2025-06-17_1d95c469-0988-4d85-b9ec-d85312173c14.pdf
Capital/Financing Update
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Announcement
18 June 2025
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Exercise of Options and Cleansing Notice
Canyon Resources Limited (ASX: CAY) (the “ Company ”) refers to the issue of 113,129,082 fully paid ordinary shares ( New Shares ) in the Company to major shareholder, Eagle Eye Asset Holdings Pte Ltd, following the receipt of $7.9M and the exercise of 113,129,082 unquoted options exercisable at $0.07 each and expiring on 26 December 2026
As announced on 19 May 2025, the Company received an exercise notice ( Notice ) from Eagle Eye Asset Holdings Pte Ltd for the exercise of 350 million unquoted options. To date, EEA has converted 226 million of the 350 million options pursuant to the Notice. The Company expects the remaining 124M options to be converted, and $8.7M received by the end of this month. For further details, refer to the ASX announcements dated 19 May 2025 and 5 June 2025.
The Company hereby provides notification under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“ Act ”) of the issue. The Act restricts the on-sale of securities issued without disclosure unless the sale is exempt under section 708 or section 708A of the Act. Through the release of this notice by the Company, a sale of the New Shares will fall within the exemption in section 708A(5) of the Act and they will be able to be traded immediately.
For the purposes of section 708A(6) of the Act, the Company gives notice that:
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(a) the Company issued the New Shares without disclosure under Part 6D.2 of the Act;
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(b) this notice is being given under section 708A(5)(e) of the Act;
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(c) as at the date of this notice, the Company has complied with:
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(i) the provisions of Chapter 2M of the Act as they apply to the Company; and
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(ii) sections 674 and 674A of the Act; and
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(d) as at the date of this notice, there is no information that is ‘excluded information’ within the meaning of sections 708A(7) and 708A(8) of the Act that is required to be set out in this notice.
This announcement is authorised for release by the Board of Canyon Resources Limited.
Enquiries:
Jean-Sebastien Boutet Chief Executive Officer Canyon Resources Limited T +61 8 6385 2263 E: [email protected]
Cameron Gilenko Investor Relations & Media Sodali & Co T +61 6160 4909
Canyon Resources Limited ACN 140 087 261 3 Richardson Street, West Perth, WA 6005 | p: +61 8 6385 2263 | [email protected] | www.canyonresources.com.au
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