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FIN RESOURCES LIMITED — Capital/Financing Update 2020
May 14, 2020
64920_rns_2020-05-14_6c39f347-e1cb-40bf-a55f-342a162c95d9.pdf
Capital/Financing Update
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ASX Release 15 May 2020
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Restricted Securities to be Released from Escrow
Pursuant to ASX listing rule 3.10A, Fin Resources Limited (ASX: FIN) ( Fin or the Company ) confirms that the following securities will be released from escrow:
| Security description | Release Date | Number |
|---|---|---|
| Options over ordinary shares exercisable at $0.03 on or before 14 May2021. |
25 May 2020 | 12,000,000 |
| Performance Rights over ordinary shares exercisable at $0.001 on or before 14 May2023. |
25 May 2020 | 8,000,000 |
ENDS
Authorised for release by: Jason Bontempo - Non-Executive Director
For further information contact:
Jason Bontempo [email protected] Ph: +61 8 6117 0453
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www.finresources.com.au
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About Fin Resources Limited
Fin Resources Limited is an Australian based resources company listed on the Australian Securities Exchange (ASX: FIN). The Company’s projects comprise exploration licences covering ground located in Western Australia, which the Company intends to explore for gold, base metals and graphite (refer Figure One).
The McKenzie Springs Project is located within the Kimberley Region of Western Australia, 85km north-east of the township of Halls Creek. The Project covers an area of approximately 134km[2] including identified nickel, copper, cobalt and graphite occurrences. The McKenzie Springs Project is considered prospective for magmatic Ni-Cu sulphide and PGE mineralisation.
The Sentinel Project is located 130km east-northeast of the township of Kalgoorlie in the Eastern Goldfields, Western Australia. The Project covers an area of approximately 44km[2] . The Sentinel Project is positioned in a prospective location in terms of regional geological and mineralisation setting, located in the Eastern Goldfields Province within the southern Laverton Tectonic Zone, a regional shear/fault system that extends as a set of NNE and NNW trending structures from Laverton towards the Pinjin area. The Sentinel Project is considered prospective for gold.
The South Big Bell Project is located 25km west of the township of Cue in the Murchison Goldfields, Western Australia. The Project covers an area of approximately 50km[2] . The South Big Bell Project covers the southern extensions of the greenstone belt and shear zone that hosts the Big Bell Gold Deposit.
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Figure One | Project Locations in Western Australia
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www.finresources.com.au