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JAMESON RESOURCES LIMITED — Capital/Financing Update 2020
Mar 19, 2020
65152_rns_2020-03-19_5cdd110b-ff79-46f9-b505-440abe14898a.pdf
Capital/Financing Update
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20 MAR 2020
Fast Facts
ASX: JAL
Cancellation of Performance Rights And Options
| Share Price Range (6mths) $0.1975 | Share Price Range (6mths) $0.1975 | - $0.13 |
|---|---|---|
| OverviewShares on IssueMarket Capitalisation | 263,766,890~$34M | |
| Major Shareholders | ||
| (as at 20 March 2020) | ||
| OverviewAustralianSuperHillboi Nominees | 14.00%6.24% | |
| Perth Investment Corporation Ltd | 6.14% |
Directors & Management
Nicole Hollows (Non-Executive Chairman) Joel Nicholls (Executive Director) Steve van Barneveld (Non-Executive Director)
Key Projects
Crown Mountain Coking Coal Project Elk Valley Coal Field, Canada Dunlevy Coal Project Peace River Coal Field, Canada
Investment Highlights
-
✓ Positioned in world class metallurgical coalfields
-
✓ Significant development expertise on board with successful track record
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✓ Modern rail and port facilities
-
✓ Strong financial position
Newsflow / Catalysts
Strategic Partner Complete Exploration Program Complete Coal quality lab analysis Complete Crown Mtn EA Application In Progress Crown Mtn Design Engineering In Progress Bankable Feasibility Study In Progress
Contact Details
Jameson Resources Limited (ASX:JAL) advises that the following Performance Rights and Unquoted Options have been cancelled due to cessation of employment.
| Performance Rights | Number |
|---|---|
| Class A | 750,000 |
| Class B | 750,000 |
| Class C | 1,500,000 |
| Unquoted Options | |
| Options exercisable at $0.40 on orbefore 31 December 2022 | 1,333,333 |
Issued Capital of the Company post cancellation:
| Issued Capital of the Company post cancellation: | Issued Capital of the Company post cancellation: |
|---|---|
| Quoted Securities | |
| 263,766,890 | OrdinaryFullyPaid |
| Unquoted Securities | |
| 750,000 | Options exercisable at $0.20 on orbefore 31 December 2020 |
| 1,650,000 | Options exercisable at $0.30 on orbefore 31 December 2021 |
| 1,466,667 | Options exercisable at $0.40 on orbefore 31 December 2022 |
| 1,200,000 | Options exercisable at $0.50 on orbefore 31 December 2023 |
This announcement is authorised for release to the market by the Board of Jameson Resources Limited.
For further information, please contact Joel Nicholls Executive Director [email protected]
Australia
Suite 5, 62 Ord Street West Perth, WA 6005 P +61 (8) 9200 4473 F +61 (8) 9200 4463 E [email protected] .au
Canada
Suite 810, 789 West Pender Street Vancouver, BC V6C 1H2 P +1 (604) 629-8605
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About Jameson Resources Limited
Jameson Resources Limited (ASX:JAL) is a junior resources company focused on the acquisition, exploration and development of strategic coal projects in western Canada. The Company has an 80% interest in NWP Coal Canada Limited (“NWP”) which holds a 90% interest in the Crown Mountain coal project, and a 100% direct interest in the Dunlevy coal project located in British Columbia. Jameson’s tenement portfolio in British Columbia is positioned in coalfields responsible for the majority of Canada’s metallurgical coal exports and are close to railways connecting to export facilities.
To learn more, please contact the Company at +61 8 9200 4473, or visit: www.jamesonresources.com.au
About Bathurst Resources Limited
In July 2018, a subsidiary of Bathurst Resources Limited (ASX:BRL) acquired an 8% interest in NWP, with option to increase that interest to 50% subject to certain milestones and additional payments. Exercise of the Tranche One Option, in September 2019, increased Bathurst’s interest in NWP to 20%.
In September 2017, Bathurst took control and ownership of three mines from Solid Energy through its 65% joint venture BT Mining. The Bathurst Group of companies now employs almost 600 people in New Zealand.
Bathurst is the largest coal company operating in New Zealand with over 2.4 million tonnes per annum of coal under management. Approximately 75% of coal revenue is generated from the steel making sector, both domestically and for export to Asian coke makers and steel mills. The remainder is sold to domestic users in the agricultural and energy sectors.
The Bathurst operations are long life assets with extension potential for all operations beyond their current mine life. Bathurst is focussed on low cost, sustainable mining with a strong focus on the local communities and environmental management.
Forward Looking Statements
This announcement contains “forward-looking statements”. Such forward-looking statements include, without limitation: estimates of future earnings, the sensitivity of earnings to commodity prices and foreign exchange rate movements; estimates of future production and sales; estimates of future cash flows, the sensitivity of cash flows to commodity prices and foreign exchange rate movements; statements regarding future debt repayments; estimates of future capital expenditures; estimates of resources and statements regarding future exploration results; and where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to commodity price volatility, currency fluctuations, increased production costs and variances in resource or reserve rates from those assumed in the company’s plans, as well as political and operational risks in the countries and states in which we operate or sell product to, and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s Annual Reports, as well as the Company’s other filings. The Company does not undertake any obligation to release publicly any revisions to any “forward looking statement” to reflect events or circumstances after the date of this release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
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