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IRON BEAR RESOURCES LTD — Capital/Financing Update 2018
Jun 25, 2018
65091_rns_2018-06-25_91bc94e8-a57c-4902-9cb8-d6c70ddb7905.pdf
Capital/Financing Update
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ASX Announcement 26 June 2018
Placement
Australian resources and investment company, Cape Lambert Resources Limited (ASX: CFE) ( Cape Lambert or the Company ) is pleased to announce that it has completed a placement of 5,250,000 fully paid ordinary shares ( Shares ), at an issue price of $0.04 per Share to raise proceeds of $210,000 (before expenses) ( Placement ). The Company will also be issuing one free attaching unquoted option for every share applied for under the Placement which are exercisable at $0.04 (4 cents) expiring on 31 March 2020 ( Placement Options ).
The funds raised will be used towards funding its exploration expenditure activities at the Kipushi Cobalt-Copper Tailings Project in the Democratic Republic of Congo and for general working capital purposes.
Cape Lambert’s Chairman, Tony Sage, said “European sophisticated investors are really showing confidence in our DRC and Zambian located copper/cobalt projects”.
The Company confirms it resolved to raise the capital by way of a placement to sophisticated and professional investors as this was considered to be the most expedient mechanism for raising funds in a timely manner. Shares and Placement Options pursuant to the Placement will be issued in accordance with the Company’s capacity under Listing Rules 7.1.
Cape Lambert Resources Limited (ASX: CFE) is a mineral development company with exposure to iron ore, copper, gold, uranium, cobalt, lithium and lead-silver-zinc assets in Australia, Europe, Africa and South America.
Australian Securities Exchange Code: CFE
Ordinary shares 909,633,549
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)
Board of Directors Tony Sage Executive Chairman
Tim Turner Non-executive Director
Stefan Muller Non-executive Director
Melissa Chapman Company Secretary
Yours faithfully Cape Lambert Resources Limited
Tony Sage Executive Chairman
Cape Lambert Contact
Investor Relations Phone: +61 8 9380 9555 Email: [email protected]
DGWA acted as corporate finance advisor and placement agent for the equity placing in Europe:
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Stefan Muller, CEO Kaiserhofstraße 13, 60313 Frankfurt am Main Phone: 49 69 247471047 E-Mail: [email protected] Website: www.DGWA.org
Cape Lambert Resources Limited ABN 71 095 047 920 Corporate - 32 Harrogate Street, West Leederville WA 6007