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MINBOS RESOURCES LIMITED — Capital/Financing Update 2014
Jan 16, 2014
65355_rns_2014-01-16_926100d4-65db-42cf-a160-0cdf28e80788.pdf
Capital/Financing Update
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17 January 14
ASX Code: MNB PERTH OFFICE Level 1, 278 Stirling Hwy Claremont WA 6010 Australia T: +61 8 9322 9295 E: [email protected] W: www.minbos.com
ABN: 93 141 175 493
ASX ANNOUNCEMENT/MEDIA RELEASE
ISSUE OF CONVERSION SHARES & OPTIONS
Minbos Resources Limited (“ Minbos ” or “ Company ”) (ASX:MNB) announces that 83,333,333 fully paid ordinary shares each with an attaching option have been issued by the Company, upon conversion of convertible notes with a face value of $250,000 under a convertible note facility arranged by CPS Capital Pty Ltd.
Shareholder approval for the issue of the convertible notes was obtained at the Company’s recent Annual General Meeting on 25 November 2013. The details of the 83,333,333 shares and 83,333,333 options, exercisable at $0.01, expiring 30 December 2016, were announced in the Appendix 3B and Renounceable Rights Issue Prospectus on 13 January 2014.
ENDS
For further information please contact:
Scott Sullivan For media enquiries contact: Managing Director David Ikin – Professional Public Relations [email protected] [email protected] +61 (0) 8 9322 9295 +61 (0) 8 9388 0944
About Minbos
Minbos Resources Limited ( ASX:MNB ) is an ASX-listed exploration and development company focused on phosphate 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 ore.
Minbos is focussing on the development of the high grade Cacata project in Cabinda whilst growing its current resource base in incremental stages on the remaining deposits in Angola.
The Company’s strategy is to specifically target the exploration and development of low cost fertiliserbased 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