AI assistant
CASSIUS MINING LIMITED — Interim / Quarterly Report 2015
Apr 23, 2015
64667_rns_2015-04-23_833ce497-c8a0-4f55-b5f4-a7e8eec85bf5.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
24 April 2015
==> picture [172 x 91] intentionally omitted <==
ASX ANNOUNCEMENT
THIRD QUARTER ACTIVITIES REVIEW
Gulf Industrials Limited (“Gulf” or “the Company”) (ASX Code: GLF), is pleased to provide shareholders with the Activities Review for the quarter ending 31 March 2015.
EXPLORATION
The Company undertook limited exploration work on its properties in Madagascar during the quarter.
The Company has reviewed a number of gold opportunities in the Upper East Region of Ghana. This review is continuing.
CORPORATE
The continued operation of the company is subject to its ability to raise further funding for its other exploration activities which the Board is exploring.
The Company announced on 12 March 2015 that it completed its first stage capital raising.
The Company issued a total of 417,704,390 new shares at $0.004 under the provisions of ASX Listing Rules 7.1 and 7.1A to sophisticated and otherwise exempt investors which raised $1,670,817.
The second stage will be completed following (and subject to) the receipt of shareholder approval at the shareholders meeting to be held on 29 April 2015 which will raise approximately an additional $2.0m.
The funds raised will enable Gulf to continue to seek exploration opportunities and advance its activities in Africa and for working capital.
Gulf Industrials Limited Level 11, 151 Macquarie Street Sydney NSW 2000 GPO Box 2726 Sydney NSW 2001 Australia t +61 2 8298 2006 f +61 2 8298 2026
ACN 115 027 033
‐ 2 ‐
SCHEDULE OF TENEMENTS AS AT 31 MARCH 2015
| Location | Tenement/ Special License Number |
|---|---|
| Madagascar | R14542 ‐ 100% |
| R14960 – 100% |
SCHEDULE OF TENEMENTS DISPOSED OF DURING THE QUARTER
Location Tenement / Special License Number ‐ ‐
FURTHER INFORMATION
Wayne Kernaghan
t | +61 2 8298 2006
Gulf Industrials Limited Level 11, 151 Macquarie Street Sydney NSW 2000 GPO Box 2726 Sydney NSW 2001 Australia t +61 2 8298 2006 f +61 2 8298 2026
ACN 115 027 033