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CARNAVALE RESOURCES LIMITED — Capital/Financing Update 2015
Jun 15, 2015
64607_rns_2015-06-15_136c3367-cd95-4dd3-90a7-5c6faae2830c.pdf
Capital/Financing Update
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CARNAVALE RESOURCES LIMITED 16 June 2015
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Capital Raising
CARNAVALE RESOURCES
A.C.N 119 450 243
Shares: 223.7M Options: 166.5M Perf Shares 42.0M Cash: $0.95M (Mar 2015Mar 2015) M.Cap $4. 35 M (@ $0.0 19)2)
Directors
Ron Gajewski (Chairman) Andrew Beckwith (MD)
Klaus Eckhof (NED)
Carnavale Resources Ltd (ASX: CAV) (“the Company”) is pleased to announce that it has received acceptances and commitments from sophisticated and professional investors to raise $580,000 through a private placement.
CAV proposes to issue 29 million shares at an issue price of 2 cents per share, together with 14.5 million attaching options (exercisable at 3 cents on or before 30 November 2016).
The placement is scheduled to close on or around 23 June 2015.
The funds raised will be applied towards the Company’s Phase 1 planned diamond drilling programme at the Cobra and Rattler prospects, Red Hills Project in Nevada USA, as announced on 11 June 2015.
The securities to be issued under the Placement will be issued under the Company’s existing capacity to issue securities provided in ASX Listing Rules 7.1 and 7.1A.
Rhett Brans (NED)
Andrew Chapman (NED)
Carnavale Resources Limited is an exploration and development company based in Perth, Western Australia.
Carnavale has two highly prospective gold-silver-copper projects in Arizona and Nevada, USA.
For further information contact:
Andrew Beckwith Managing Director Carnavale Resources Ltd P: 08 9380 9098
Peter Taylor Investor Relations NWR Communications P: +61 (0)412 036 231
Office
Level 1, Suite 5 The Business Centre 55 Salvado Rd. Subiaco, WA 6008
Post
PO Box 131 Subiaco, WA 6008
Contact Details
Ph +61 8 9380 9098 Fax +61 8 9380 6761 [email protected]
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