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MARMOTA LIMITED — Capital/Financing Update 2015
Nov 12, 2015
65315_rns_2015-11-12_2c79ecc3-1c9f-4521-881a-392af896ff89.pdf
Capital/Financing Update
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13 November 2015
ASX ANNOUNCEMENT
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Share Placement to Yandal Investments
Marmota Energy Limited (ASX: MEU) (“Marmota”)
HIGHLIGHTS
- Marmota has accepted a $250,000 placement to Yandal Investments, the investment vehicle of Mr Mark Creasy
Marmota Energy Limited (ASX: MEU) is pleased to advise that it has agreed to a placement of $250,000 from Yandal Investments Pty Ltd.
Marmota’s Chairman, Dr Colin Rose, said:
- “ The Board of Marmota is delighted to welcome in Mr Mark Creasy, a renowned and successful minerals explorer and investor, as a shareholder in Marmota. Mr Creasy was a shareholder in Dominion when they found the Challenger gold deposit. His investment in Marmota, at this exciting stage of our search for the next Challengerstyle gold deposit in the region, is most warmly welcomed. ”
Placement Details
The Placement of $250,000 consists of 12.5 million new shares issued at a price of 2 cents per share. No costs or brokerage fees are incurred by Marmota. The new shares issued will rank equally with all other fully paid ordinary shares on issue. The Company expects settlement of the Placement on or around 13 November 2015.
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For further information, please contact:
Marmota Energy Limited Level 30, Westpac House David Williams Managing Director 91 King William Street Email: [email protected] Adelaide SA 5000 ABN: 38 119 270 816 T: (61 8) 7088 4883 F: (61 8) 7088 4884 www.marmotaenergy.com.au
About Marmota Energy Limited
Marmota Energy Limited (ASX: MEU) is a South Australian mining exploration company, focused on gold, copper and uranium. Gold exploration is centred on the Company’s dominant tenement holding in the highly prospective and significantly underexplored Gawler Craton, near the Challenger gold mine, in the Woomera Prohibited Defence Area. The Company’s cornerstone copper project is based at the Melton project on the Yorke Peninsula. The Company’s largest uranium project is at Junction Dam adjacent to the Honeymoon mine. For more information, please visit: www.marmotaenergy.com.au
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