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IRON BEAR RESOURCES LTD — Capital/Financing Update 2018
Jul 1, 2018
65091_rns_2018-07-01_2fcb1191-8902-44f2-87a4-8d0ecfc4455f.pdf
Capital/Financing Update
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ASX Announcement 2 July 2018
Issue of Placement Shares
Australian resources and investment company, Cape Lambert Resources Limited (ASX: CFE) ( Cape Lambert or the Company ) advises that it has completed the first tranche of its placement announced on 29 June 2018 ( June Placement ) and issued 18,333,333 fully paid ordinary shares at an issue price of $0.03 per shares to raise cash proceeds of $550,000 (before expenses) and has issued 4,493,334 fully paid ordinary shares at a deemed issue price of $0.03 per share to settle amount due of $134,800 ( Placement Shares ).
The Company confirms that it is still receiving the final funds pursuant to the June Placement and will advise the market once the remaining shares are issued.
The Placement Shares were issued under the Company’s capacity under Listing Rule 7.1 and Listing Rule 7.1A without shareholder approval.
In the Appendix 3B released to the ASX today, the Company issued 18,333,333 of the 22,826,667 Placement Shares under Listing Rule 7.1A. The Company confirms, that all Placement Shares issued to settle amounts due were issued under the Company’s 7.1 capacity.
The Company provides the following information required under Listing Rule 3.10.5A.
| 3.10.5A. | |
|---|---|
| Dilution to existing shareholders as a result of PlacementShares issued under Listing Rule 7.1A(18,333,333) | 1.96% |
| Dilution to existing shareholders as a result of PlacementShares issued under Listing Rule 7.1(4,493,334) | 0.48% |
| Total dilution as a result of issue of the Placement Shares | 2.43% |
Details of the approximate percentage of the issued capital following completion of the issue of Placement Shares under Listing Rule 7.1A (18,333,333) by pre-Placement shareholders and new shareholders are set out below.
| Pre-Placement shareholders who did not participate in thePlacement | 100% |
|---|---|
| Pre-Placement shareholders who did participate in thePlacement | 0% |
| Participants in the Placement who were not previouslyshareholders | 100% |
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 937,710,216
Unlisted Options 23,500,000 ($0.05 exp 31 Dec 2018) 15,336,363 ($0.07 exp 12 Mar 2020) 7,667,727 ($0.07 exp 19 Mar 2020) 5,250,000 ($0.04 exp 31 Mar 2020)
Board of Directors Tony Sage Executive Chairman
Tim Turner Non-executive Director
Stefan Muller Non-executive Director
Melissa Chapman Company Secretary
Cape Lambert Contact
Investor Relations Phone: +61 8 9380 9555 Email: [email protected]
Cape Lambert Resources Limited ABN 71 095 047 920
Corporate - 32 Harrogate Street, West Leederville WA 6007
ASX Announcement 2 July 2018
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The Company confirms it undertook the June Placement to sophisticated and professional investors as this was considered to be the most expedient mechanism for raising funds in a timely manner.
The June Placement has not been underwritten however Winner Financial are acting as corporate financial advisers to the June Placement and will receive a fixed % success fee based on funds raised.
Yours faithfully
Cape Lambert Resources Limited
Tony Sage Executive Chairman
Cape Lambert Resources Limited ASX: CFE
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