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COBRE LIMITED — Capital/Financing Update 2021
Dec 6, 2021
64610_rns_2021-12-06_fcbd5f2d-ada9-4f5f-b05f-78145ebaf666.pdf
Capital/Financing Update
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Cobre Limited A.C.N. 626 241 067 ( ASX: CBE Level 7/151 Macquarie Street SYDNEY NSW 2000 Tel: + 61 2 9048 8856 www.cobre.com.au
7 December 2021
ASX Limited
Company Announcements Platform
Cobre Increases Ownership in Kalahari Metals to 51%
Cobre Limited (ASX: CBE) is pleased to advise that the Minister of Mineral Resources, Green Technology and Energy Security In Botswana has provided consent to the application for a change of controlling interest in Kalahari Metals Limited ( KML ).
As a result of the Minister’s approval, Cobre’s interest in KML will increase from its current level of 49.9% to a controlling interest of 51% upon the issue of the balance of the consideration shares to Metal Tiger plc ( Metal Tiger ) approved by shareholders pursuant to resolution 2 at the Extraordinary General Meeting of Cobre Shareholders held on 6 April 2021.
Cobre will now work to finalise the outstanding administrative steps including the transfer of the KML shares from Metal Tiger to Cobre and the issue of the final 445,368 consideration shares by Cobre to Metal Tiger.
This announcement has been authorised by Martin Holland, Executive Chairman and Managing Director.
Contact details regarding this announcement:
Martin C Holland Executive Chairman and Managing Director +61 2 9048 8856 [email protected]