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FIRST AU LIMITED — Share Issue/Capital Change 2020
Aug 24, 2020
64900_rns_2020-08-24_98ce8d49-1d18-49cb-945e-fa32320cb72e.pdf
Share Issue/Capital Change
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First Au Limited
(ASX: FAU)
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25 August 2020
Gimlet milestone achieved and issue of shares
First Au Limited (“ First Au ” or “ the Company ”) is pleased to announce the issue of 13 million fully paid ordinary shares (“ Deferred Consideration Shares ”) to the vendors (or their nominees) of the Company’s flagship Gimlet Gold Project, located near Kalgoorlie, Western Australia.
The Deferred Consideration Shares were issued following the satisfaction of a milestone arising from the JORC resource identified at the Gimlet Gold Project. Further details are set out in the prior announcements of the Company including on 10 January 2018 and on 7 May 2019.
An Appendix 2A (Application for Quotation of Securities) has been lodged with this Announcement.
First Au Chairman Bryan Frost commented “We are pleased that the milestone set for the allotment of Deferred Consideration Shares has been achieved. We are looking to continue our exploration and development activities at Gimlet with a view to capitalising on our success there thus far. We also have the exciting prospect, once conditions have been satisfied, of commencing exploration activities in respect to our newly secured Victorian Gold Project with Victorian Goldfields Pty Ltd”.
Authorised by:
Bryan Frost Executive Chairman & Managing Director
About First Au: First Au is an advanced gold and base metals exploration company listed on the Australian Securities Exchange (ASX: FAU) and is pursuing a well-funded and aggressive exploration program at its 100% owned Gimlet Gold project near Kalgoorlie and its Talga Projects in the Eastern Pilbara region of Western Australia. First Au recently entered into agreements to provide the Company with significant exposure to projects located in the eastern goldfields of Victoria.
Enquiries in relation to this announcement please contact :
Richard Revelins: [email protected] +1-310-405-4475 Bryan Frost [email protected] +61-418 898-885
First Au Limited ACN 000 332 918 Registered Office: Level 1 / 123 Whitehorse Road, Balwyn Vic. 3103 Australia. Telephone 03 9817 0700 Facsimile 03 9817 0799 Website: www.firstau.com Email: [email protected]