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IRON BEAR RESOURCES LTD — Capital/Financing Update 2016
May 11, 2016
65091_rns_2016-05-11_d518f5b7-0676-4d83-a807-462c84e9501d.pdf
Capital/Financing Update
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ASX Announcement 12 May 2016
European Lithium to list on ASX
Further to the announcement released by Cape Lambert Resources Limited ( ASX: CFE ) ( Cape Lambert or the Company ) on 11 May 2016, the Company has been requested by the ASX to provide further details on the $6m value included in the quote made by Cape Lambert’s Executive Chairman Mr Tony Sage.
The value is calculated as follows:
| Description | Total |
|---|---|
| Number of PNE Shares on IssueShares to be issued to ELL Shareholders(Including milestone shares)TotalCurrent PNE trading priceMarket CapitalisationCFE shareholding in ELL | 73,044,750250,000,000 |
| 323,044,750$0.08326,812,71426.2% | |
| Proposed Value | 7,024,931 |
| ConservativelyReported | 6,000,000 |
Yours faithfully Cape Lambert Resources Limited
Cape Lambert Resources Limited (ASX: CFE) is a fully funded mineral development company with exposure to iron ore, copper, gold, uranium, manganese, lithium and lead-silverzinc assets in Australia, Europe, Africa and South America.
Australian Securities Exchange
Code: CFE
Ordinary shares 720,686,586
Unlisted Options 7,675,000 ($0.088 exp 18 Dec 2016)
Board of Directors
Tony Sage Executive Chairman
Tim Turner Non-executive Director
Jason Brewer Non-executive Director
Melissa Chapman Company Secretary
Cape Lambert Contact
Investor Relations Phone: +61 8 9380 9555 Email: [email protected]
Tony Sage Executive Chairman
Australian Enquiries
Professional Public Relations David Tasker Phone: +61 8 9388 0944 Mobile: +61 433 112 936 Email: [email protected]
Cape Lambert Resources Limited ABN 71 095 047 920 Corporate - 32 Harrogate Street, West Leederville WA 6007