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DREADNOUGHT RESOURCES LTD — Capital/Financing Update 2023
Oct 29, 2023
64785_rns_2023-10-29_0196eae8-2d69-43ef-95ad-ec9923907cfa.pdf
Capital/Financing Update
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ASX:DRE +61 (08) 9473 8345 [email protected] Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864
ASX ANNOUNCEMENT 30 October 2023
COMPLETION OF SHARE PURCHASE PLAN
Dreadnought Resources Limited (“ Dreadnought ” or “ the Company ”) is pleased to confirm that its Share Purchase Plan (“ SPP ”) announced on 29 September 2023 has now closed. Under the SPP, each eligible holder was entitled to apply for up to $30,000 worth of shares in the Company at an issue price of $0.047 per share.
The total number of securities issued via the SPP is 13,361,764 ordinary fully paid shares for a total amount of $628,000 raised.
As per the 29 September 2023 release, the Company also conducted a placement on the same terms as the SPP. A total of $3,960,000 was raised in the first tranche of the placement which settled on 9 October 2023. The second tranche of the placement to raise a further $1,040,000 was in relation to directors and is subject to shareholder approval at the Annual General Meeting to be held on 23 November 2023. If approved this will increase total investment by directors to $6.2m.
The SPP shares have been issued today and the accompanying appendix 2A has been released together with this announcement.
The capital structure of the Company after the SPP and assuming approval for the placement to directors is shown in the table below.
Capital Structure Post SPP & Director Placement Shares:
| Quoted Securities | |
|---|---|
| FullyPaidOrdinary Shares | 3,479,072,960 |
| Unquoted Securities | |
| Options @ $0.005 expiring 09/04/2024 | 30,000,000 |
| Options @ $0.005 expiring 30/06/2024 | 1,500,000 |
| Options @ $0.04expiring2/07/2024 | 12,100,000 |
| Options @ $0.06 expiring11/08/2024 | 2,000,000 |
| Options @ $0.06 expiring26/11/2024 | 2,000,000 |
| Options @ $0.065 expiring14/07/2025 | 8,500,000 |
| Options @ $0.094expiring 9/10/2025 | 6,000,000 |
| Options @ $0.1575 expiring16/12/2025 | 853,098 |
| Options @ $0.12expiring2/03/2026 | 1,223,151 |
| Options@ $0.075 expiring14/06/2026 | 2,000,000 |
For further information please contact:
Dean Tuck Jessamyn Lyons Managing Director Company Secretary Dreadnought Resources Limited Dreadnought Resources Limited E: [email protected] E: [email protected]
This announcement is authorised for release to the ASX by the Company Secretary of Dreadnought.
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