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Cygnus Metals Ltd — Capital/Financing Update 2019
Nov 11, 2019
48554_rns_2019-11-11_54f1193e-322d-4ea7-a1f4-be412fee4888.pdf
Capital/Financing Update
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Non-renounceable entitlement offer - extension of closing date
ASX ANNOUNCEMENT:
12 November 2019
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Extension of entitlement offer closing date to 27 November 2019
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1 for 3 non-renounceable entitlement offer at $0.04 per share
ASX: CY5
CORPORATE DIRECTORY Non-Executive Chairman Michael Bohm
Managing Director James Merrillees
Non-Executive Directors Simon Jackson Oliver Kreuzer
Company Secretary Michael Naylor
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Cygnus Gold Limited
- Shareholders may apply for additional securities as part of the Entitlement Offer shortfall
Cygnus Gold Limited (“Cygnus” or the “Company”) (ASX: CY5)
Advises that it has resolved to extend the Closing Date for the current non-renounceable entitlement issue.
As announced on 22 October 2019, the Company is making a 1 for 3 pro-rata non-renounceable offer to eligible shareholders at an issue price of $0.04 each to raise approximately $809,000 before costs ( Entitlement Offer ).
The Closing Date has been extended by seven business days to 27 November 2019, to allow eligible shareholders additional time to make applications. The revised indicative timetable is set out below.
| Event | Date |
|---|---|
| Closing Date of Entitlement Offer | Wednesday, 27November 2019 |
| Share quoted on a deferred settlementbasis | Thursday, 28November 2019 |
| Notification of Shortfall | Monday, 2December 2019 |
| Issue date of Securities | Wednesday, 4December 2019 |
| Commencement of Securities trading onordinary settlement basis | Thursday, 5December 2019 |
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Level 2
45 Richardson Street West Perth WA 6005.
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- T: +61 8 6118 1627 E: [email protected] W: www.cygnusgold.com
The dates above are indicative only and subject to change. The Company reserves the right, subject to the Corporations Act and Listing Rules, to change any date including further extending the Closing Date of the Offer or withdrawing the Offer without notice. Any extension of the Closing Date will have a consequential effect on the issue date of New Shares.
The Prospectus for the Entitlement Offer has been mailed to eligible shareholders and is available on the ASX website and the Company's website. Eligible shareholders should read the Prospectus carefully.
Doc ID 686275753/v1 – Cygnus Gold Limited
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For further information please visit www.cygnusgold.com or contact:
James Merrillees – Managing Director
T: +61 8 6118 1627
About Cygnus Gold
Cygnus is targeting the discovery of high-grade gold and base metals deposits within the Southwest Terrane, in the Wheatbelt region of Western Australia. The Southwest Terrane is a package of high metamorphic grade rocks forming part of the well mineralised Yilgarn Craton.
Cygnus’s tenements include both early stage exploration areas through to advanced drill-ready targets. In addition to the 100% projects, Cygnus is managing two significant earn-in agreements with ASX-listed Gold Road Resources, whereby Gold Road is earning into Cygnus’ Lake Grace and Wadderin Projects. The Company is also managing exploration on the Yandina Project, in joint venture with Gold Road.
Cygnus’ technical team has considerable knowledge and experience in targeting and evaluating mineralised systems world-wide, using a regional-scale, mineral systems approach to identifying areas prospective for economic mineral deposits.
Doc ID 686275753/v1
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Cygnus Gold Limited
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