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CARNAVALE RESOURCES LIMITED — Capital/Financing Update 2017
Jan 31, 2017
64607_rns_2017-01-31_ea542315-2c64-4063-8f48-70cc4e335a87.pdf
Capital/Financing Update
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CARNAVALE RESOURCES LIMITED 1 February 2017
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ASX Release
CARNAVALE RESOURCES
(A.C.N 119 450 243)
ASX Code: CAV Shares: 459M Options: 60.0M (Dec 2019 @ $0.02)
Directors
Capital Raising
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 $678,000 through a private placement.
CAV proposes to issue 113 million shares at an issue price of 0.6 cents per share and the placement is scheduled to close on or around 3 February 2017.
Ron Gajewski (Chairman)
Andrew Beckwith (MD)
Rhett Brans (NED)
Andrew Chapman (NED)
The funds raised will be used to continue exploration activities on its existing mineral interests, consideration of new business opportunities and for ongoing working capital.
The shares 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.
Carnavale Resources Limited, is an exploration and development company based in Perth, Western Australia.
The Company is currently actively assessing various new opportunities in the resources sector.
For further information contact:
Ron Gajewski (Chairman)
Andrew Beckwith (Director)
Office
P: +61 8 9380 9098
Level 2, Suite 9 389 Oxford Street Mount Hawthorn Western Australia 6016
Post
PO Box 281 Mount Hawthorn WA 6915
Contact Details
Ph +61 8 9380 9098 Fax +61 8 9380 6761 [email protected]
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www.carnavaleresources.com