AI assistant
MINBOS RESOURCES LIMITED — Capital/Financing Update 2011
Dec 8, 2011
65355_rns_2011-12-08_084ebc47-afc2-4774-a06a-98f2bb625286.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Perth Office South African Office Suite 2, Level 3 42 Kyalami Boulevard 1292 Hay Street Kyalami Business Park, West Perth, WA, 6005 Kyalami, Johannesburg PO Box 1974 West Perth WA 6872 T: +61 (08) 6140 2449 T: +27 11 466-8516/7 F: +61 (08) 6314 1587 F: +27 11 466-8523 E: [email protected] W: www.minbos.com
==> picture [91 x 95] intentionally omitted <==
9 December 2011
ASX ANNOUNCEMENT
SUCCESSFUL COMPLETION OF RIGHTS ISSUE
The Manager Announcements Company Announcements Office Australian Stock Exchange Limited PO Box H224 Australia Square SYDNEY NSW 2000
Dear Sir/Madam
Minbos Resources Limited is pleased to advise that the placement of 4,688,450 shortfall securities, at the discretion of the Board of Directors, has been successfully completed.
The Share Registry has been instructed to allot 4,688,450 ordinary shares and following this recent issue the Company has a total of 85,676,250 ordinary shares on issue.
The completion of the Rights Issue along with the Company’s recent Placement has raised a total of $4.88M before costs. The Company intends to apply the funds raised towards further development of the Company’s projects in Angola and the DRC.
Yours faithfully
MINBOS RESOURCES LIMITED Tanya Woolley Company Secretary
About Minbos
Minbos Resources Limited is an exploration company focused on the development of phosphate and potash bearing ore within the Cabinda Province of Angola and the adjoining areas of the far western DRC. Through its subsidiaries and joint ventures, the Company is exploring over 400,000ha of highly prospective ground hosting phosphate and potash bearing ore. Minbos is growing its current Resource base in incremental stages as it drills out the known deposits during 2011.
The Company’s strategy is to specifically target the exploration and development of low cost fertiliser-based commodities in order to tap into the growing global demand for fertilisers. Phosphate and potash are an essential component in certain agricultural fertilisers, with the market supported by the increasing global demand for food and bio-fuel products. For more information, visit www.minbos.com
Minbos Resources Limited 1
==> picture [74 x 77] intentionally omitted <==
For more information: Peter Richards Minbos Resources Executive Chairman [email protected] (+61) 08 6140 2449
Robbie McCrae Minbos Resources Chief Executive Officer [email protected] (+27) 82 319 2690
Location of Phosphate and Potash Licences
==> picture [299 x 366] intentionally omitted <==
Minbos Resources Limited 2