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MINBOS RESOURCES LIMITED — Capital/Financing Update 2020
Sep 14, 2020
65355_rns_2020-09-14_564f41a3-4b59-452b-bb67-7e4056fdd093.pdf
Capital/Financing Update
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15 SEPTEMBER 2020
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ASX ANNOUNCEMENT
COMPLETION OF PLACEMENT (TRANCHE 1) AND CLEANSING NOTICE
Minbos Resources Limited (ASX:MNB) (“Minbos” or the “Company”) is pleased to announce that, further to the ASX announcement on 10 September 2020, it has issued 848,000,000 fully paid ordinary shares at $0.0015 each to sophisticated investors under Tranche 1 of the Placement.
The shares were issued using the Company’s existing placement capacity available under ASX Listing Rule 7.1, with 848,000,000 fully paid ordinary shares issued under Listing Rule 7.1.
For the purposes of section 708A(6) of the Corporations Act, the Company gives notice under section 708A(5)(e) of the Corporations Act as follows:
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a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Corporations Act;
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b) as at the date of this notice the Company has complied with:
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i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and
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ii) section 674 of the Corporations Act; and
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c) as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act.
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The announcement is authorised for release by the Board of Minbos.
Lindsay Reed Chief Executive Officer Email: [email protected] Phone: +61 8 6270 4610
ASX Code: MNB Office: Suite 1, 245 Churchill Avenue, Subiaco WA 6008 T: +61 8 6270 4610 E: [email protected] W: www.minbos.com ABN: 93 141 175 493
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ABOUT MINBOS
Minbos Resources Limited (ASX: MNB) is an ASX-listed exploration and development company which won an international tender for the Cabinda Phosphate Project in March 2020. Minbos and its in-country partner, Soul Rock Ltda (15% carried interest), won the tender based on producing Enhanced Phosphate Rock as a substitute for fertilizers currently imported by the Angolan Government for distribution to wholesalers and farmers.
The Company’s vision is to build a nutrient supply and distribution business that stimulates agricultural production and promotes food security in Angola and the broader Middle Africa region.
For more information: www.minbos.com
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ASX Code: MNB Office: Suite 1, 245 Churchill Avenue, Subiaco WA 6008 T: +61 8 6270 4610 E: [email protected] W: www.minbos.com ABN: 93 141 175 493