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CRITICAL RESOURCES LIMITED — Capital/Financing Update 2017
Dec 18, 2017
64708_rns_2017-12-18_834d8eaf-2cb0-4abb-837d-2c776d205101.pdf
Capital/Financing Update
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18 December 2017
ASX Announcements Office 152–158 St Georges Terrace Perth WA 6000 Australia
$3m Placement Successfully Completed
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Proceeds to be used to fund aggressive exploration programs at Kitotolo and Kanuka Lithium Projects in ‘world-class’ region in DRC.
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Pegmatite observed at surface across significant areas of both Kitotolo and Kanuka Lithium Projects on a NE – SW trend.
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Exploration programs will benefit from support and infrastructure offered by joint venture partners, including personnel, equipment, mine camp, power and airstrip.
Force Commodities Ltd ( Force or the Company ) (ASX Code: 4CE) is pleased to confirm that it has completed the placement to professional and sophisticated investors raising $3,000,000 and issuing 60,000,000 fully paid ordinary shares (Shares) in the capital of the Company.
The funding will enable the Company to aggressively pursue its planned exploration programs at each of its Kitotolo and Kanuka lithium projects, both of which are located in the ‘world-class’ lithium region of Manono-Kitotolo.
Test-pitting work is currently being undertaken at Kitotolo Lithium Project
An Appendix 3B in relation to this issue is attached.
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MICHAEL FRY
COMPANY SECRETARY
FORCE COMMODITIES LIMITED
Force Commodities Ltd | 6 Cheviot Way, Burns Beach, WA, 6028 | PO Box 1024 West Leederville WA 6007 | P: +61 8 6202 6530 F: +61 8 6323 3347 | web:forcecommodities.com.au | Email: [email protected] | ABN 12 145 184 667 | ASX:4CE