MOHO RESOURCES LIMITED — Capital/Financing Update 2019

Oct 28, 2019

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29 October 2019
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PLACEMENT

Moho Resources Ltd (ASX: MOH ) (“ Moho ” or “ the Company ”) is pleased to announce that it has received firm commitments from professional and sophisticated investors to raise $382,361 (before costs) via a placement (“ Placement ”) of 6,372,688 ordinary shares at an issue price of $0.06 per share(“ Placement Shares ”) under the Company’s ASX listing rule 7.1 capacity. The issue price per Placement Share of $0.06 represents a discount of 12% to the last traded price of the Company’s shares on the ASX.

The company was pleased with the level of commitments received to fulfil the placement.

The funds raised from the Placement will be used towards exploration on its highly prospective gold projects (Empress Springs, Burracoppin) and nickel sulphide/gold exploration (Silver Swan) in WA.

RM Capital Pty Ltd (“ RM ”) were lead managers to the Placement and a fee of 6% will be payable to advisors and brokers which assisted in the placement. A sign on fee $12,500 will be payable to RM Capital in ordinary shares in the Company at a deemed issue price of $0.06 per share as a sign on fee, and is expected to be issued after the Company’s AGM.

Allotment of the Placement is anticipated to occur on or about 5 November 2019 under the Company’s ASX Listing Rule 7.1 capacity.

Yours faithfully,

Ralph Winter

Commercial Director Moho Resources Limited