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IRON BEAR RESOURCES LTD — Capital/Financing Update 2013
Jun 27, 2013
65091_rns_2013-06-27_1d7874f5-dc41-4ebc-ab6d-fe22e365c590.pdf
Capital/Financing Update
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ASX Announcement 28 June 2013
Leichhardt Project Sale Unconditional
Australian resources and investment company, Cape Lambert Resources Limited ( ASX: CFE ) (“Cape Lambert” or the “Company”) is pleased to provide the following update in relation to the sale of its wholly owned subsidiary, Cape Lambert Leichhardt Pty Ltd, the holder of the Leichhardt Copper Project ( Leichhardt Project ) (refer ASX Announcement dated 19 April 2013).
Following completion of due diligence inquiries by the purchaser and receipt of a “no objection” letter for the acquisition pursuant to the Foreign Acquisition and Takeover Act 1975 (Cth), the transaction is now unconditional.
Cape Lambert is an Australian domiciled, mineral investment company. Its current investment portfolio is geographically diverse and consists of mineral assets and interests in mining and exploration companies.
The Company continues to focus on investment in early stage resource projects and companies, primarily in iron ore, copper and gold. Its “hands on” approach is geared to add value and position assets for development and/or sale.
The Board and management exhibit a strong track record of delivering shareholder value.
The purchaser paid a A$2million non-refundable deposit in April 2013 and the Company will receive the balance of the consideration, being A$12.75million (plus transitional funding), at settlement which is scheduled to occur on 5 July 2013.
Yours faithfully
Cape Lambert Resources Limited
Tony Sage
Executive Chairman
Australian Securities Exchange Code: CFE
Ordinary shares 681,741,942
Unlisted Options 11,040,000 ($0.29 exp 22 Nov 2013)
Board of Directors
Tony Sage Executive Chairman Tim Turner Non-executive Director Brian Maher Non-executive Director Ross Levin Non-executive Director Claire Tolcon Company Secretary
Key Projects and Interests
Marampa Iron Ore Project Pinnacle Group Assets
Cape Lambert Contact
Tony Sage Executive Chairman
Eloise von Puttkammer Investor Relations
Phone: +61 8 9380 9555 Email: [email protected]
Australian Enquiries
Professional Public Relations David Tasker Phone: +61 8 9388 0944 Mobile: +61 433 112 936 Email: [email protected]
UK Enquiries
Tavistock Communications Emily Fenton / Jos Simson Phone: +44 (0)207 920 3150 Mobile: +44 (0)7899 870 450
Cape Lambert Resources Limited[ABN 71 095 047 920 ]
Corporate - 32 Harrogate Street, West Leederville WA 6007