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ECLIPSE METALS LIMITED. — Capital/Financing Update 2020
May 11, 2020
64863_rns_2020-05-11_ca5cad1a-36bf-4dda-9070-73d7e34ce3c7.pdf
Capital/Financing Update
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12 May 2020
ECLI0C0R\ASX\ASX268
The Company Announcements Platform ASX Limited SYDNEY NSW 2000
Confirmation of Placement
Eclipse Metals Limited ( Eclipse or the Company ) (ASX: EPM) is pleased to announce the completion of a Placement to new investors raising approximately $531,000 (before costs).
The completed Placement will result in the issue of approximately 96 million new fully paid Ordinary Shares in Eclipse using the Company’s available placement capacity under ASX Listing Rule 7.1.
The new Shares are to be issued at a price of $0.0055 per new Share which represents a 15.0% discount to Eclipse’s 5-day (1 May to 7 May 2020) trading Volume Weighted Average Price of $0.0064.
Funds from the Placement will be directed to “gear up” the Company to commence exploration on the Devil’s Elbow Project and for general working capital purposes.
The required Appendix 3B will be in parallel to this Announcement.
Eclipse Metals Ltd is an Australian exploration Company focused on exploring the Northern Territory and Queensland for multi commodity mineralisation. The Company has an impressive portfolio of assets prospective for gold, manganese, base metals and uranium mineralisation. The Company’s mission is to increase Shareholder wealth through capital growth and ultimately, dividends. Eclipse plans to achieve this goal by exploring for and developing viable mineral deposits to generate mining or joint venture income.
BOARD
Carl Popal Executive Chairman
Rodney Dale Non-Executive Director
Ibrar Idress Non-Executive Director
COMPANY SECRETARY
Eryn Kestel
OFFICE ADDRESS
This Announcement was authorised for release by the Board.
Eryn Kestel Company Secretary [email protected] +61 (8) 9480 0420
Level 3, 1060 Hay Street West Perth WA 6005 Phone: + 61 8 9480 0420 Fax: + 61 8 9321 0320
AUSTRALIAN BUSINESS NUMBER
85 142 366 541
SHARE REGISTRY
Automic Group Level 2, 267 St Georges Terrace Perth WA 6000
ASX CODE EPM
WEBSITE
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