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MINBOS RESOURCES LIMITED — Capital/Financing Update 2012
Oct 9, 2012
65355_rns_2012-10-09_a966b9a9-7379-46fc-9924-1703963cd366.pdf
Capital/Financing Update
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10 October 2012
ASX ANNOUNCEMENT
The Manager Company Announcements Office Australian Stock Exchange Limited PO BOX H224 Australia Square SYDNEY NSW 2000
RELEASE FROM ESCROW
ASX Code: MNB PERTH OFFICE 108 Outram St West Perth WA 6005 Australia T: +61 8 9476 4500 E: [email protected] W: www.minbos.com
SOUTH AFRICA OFFICE 42 Kyalami Boulevard Kyalami Business Park, Kyalami Johannesburg South Africa T: +27 11 466 8516/7
Minbos Resources Limited (“Minbos”) (ASX:MNB) would like to announce that the following securities will be released from escrow on 18 October 2012:
| Security Description | ASX Code | Number |
|---|---|---|
| Ordinary Fully Paid Shares | MNBAK | 19,507,000 |
| Unlisted Broker Options @ $0.20 each, expiring 13/10/2013 | MNBAQ | 6,000,000 |
| Unlisted Options @ $0.20 each, expiring 18/4/2014 | MNBAW | 500,000 |
| Unlisted Class A Director Options @ $0.20 each, expiring 13/10/2013 | MNBAS | 4,000,000 |
| Unlisted Class B Director Options @ $0.30 each, expiring 13/10/2013 | MNBAU | 2,000,000 |
| Unlisted Class C Director Options @ $0.50 each, expiring 13/10/2013 | MNBAY | 2,000,000 |
In addition, further to the ASX Announcement “Minbos Reaches Performance Milestone Upon Reaching a JORC Compliant Resource” released on 11 April 2012 25,000,000 ordinary fully paid shares will be released from ASX escrow on 18 October 2012, however will remain in voluntary escrow. The Vendors have agreed to a voluntary holding lock on these ordinary shares until a final technical report re-confirms that the milestone, as outlined in the ASX Announcement released on 11 April 2012, has been achieved.
For further information please contact:
Tanya Woolley Company Secretary (+61) 8 9476 4500
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10 October 2012
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About Minbos
Minbos Resources Limited is focused on developing its phosphate resources 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 and has defined JORC resources in both areas.
Minbos is currently progressing the Bankable Feasibility Studies on the both the High Grade Cacata project in the Cabinda Province of the Angola and the High Grade Kanzi Project in the Bas Congo Province of the DRC.
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 is 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