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DALAROO METALS LTD Capital/Financing Update 2021
64756_rns_2021-09-23_0f191cae-697e-4fdf-a72a-ce5a7c62b2b8.pdf
Capital/Financing Update
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24 September 2021
Pre-quotation disclosure
Dalaroo Metals Ltd (ACN 648 476 699) (Company) provides the following pre-quotation disclosures and confirmations to ASX Limited (ASX) to satisfy the conditions for admission of the Company's fully paid ordinary shares (Shares) to the official list of the ASX.
All capitalised terms used in this announcement have the meaning given in the prospectus issued by the Company and lodged with ASIC on 16 August 2021 (Prospectus) unless otherwise stated.
1 Completion of the Offers
The Company confirms that the Public Offer made under the Prospectus has closed and was fully subscribed.
The Company issued the following securities under the Prospectus on 21 September 2021:
- $(a)$ 25,000,000 Shares at an issue price of \$0.20 each to raise \$5,000,000 (before costs) pursuant to the Public Offer; and
- $(b)$ 5,000,000 New Options at an issue price of \$0.001 each to the Lead Manager (or its nominees) pursuant to the Lead Manager Offer.
$\overline{2}$ Restricted securities
The Company confirms that the following securities will be subject to ASX imposed escrow in accordance with the Listing Rules for the periods outlined below:
| Security | Number | Restriction period |
|---|---|---|
| Shares | 24,125,000 | 24 months from the date of quotation |
| Shares | 1,500,000 | 12 months from 27 May 2021, the date these securities were issued |
| Shares | 900,000 | 12 months from 24 May 2021, the date these securities were issued |
| Shares | 275,000 | 12 months from 21 May 2021, the date these securities were issued |
| Vendor Options | 8,000,000 | 24 months from the date of quotation |
Dalaroo Metals Ltd ACN 648 476 699 Suite 1, 346 Barker Road, Subiaco. Western Australia 6008 T +61 8 08 6380 9675 $E$ [email protected]
New Options
5,000,000
24 months from the date of quotation
$\overline{3}$ Capital structure
The Company's capital structure is as follows:
| Security | Number |
|---|---|
| Shares | 54,000,000 |
| Vendor Options | 8,000,000 |
| New Options | 5,000,000 |
Statement of commitments 4
For the purposes of Listing Rule 1.3.2(b), the Company expects that it will meet its expenditure commitments over the next 2 years as outlined in section 3.5 of the Prospectus. Furthermore, please refer to section 2.6 of the Prospectus for details of the Company's proposed use of funds.
No impediments 5
The Company confirms that there are no legal, regulatory, statutory or contractual impediments to the Company entering into the Tenements and carrying out exploration activities.
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By order of the Board
Harjinder Kehal Managing Director