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PHOSCO LTD — Capital/Financing Update 2012
May 31, 2012
65559_rns_2012-05-31_6c28a49e-2bc9-4b34-873a-98e50510a29b.pdf
Capital/Financing Update
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Celamin Holdings N.L
ACN 139 255 771 ABN 82 139 255 771 Suite 304, 22 St Kilda Road, St Kilda, VIC 3182 Phone: (03) 9692 7222 Fax: (03) 9529 8057 Email [email protected]
1 June 2012
SUCCESSFUL CAPITAL RAISING
Board of Directors
Andrew Thomson (Non-executive Chairman)
David Regan (Managing Director) Martin Broome (Non-executive Director)
Melanie Leydin (Non-executive Director)
Company Secretary
Melanie Leydin
On 13 April 2012, Celamin Holdings NL (ASX Code: CNL) (the “Company”) lodged a prospectus with ASIC for the issue of up to 50,000,000 shares at an issue price of $0.20 each in order to raise up to $10,000,000 (“Offer”).
The Company has successfully raised the minimum of $5m required under the Prospectus issue. The Company can now proceed to complete the Celamin Limited Acquisition and (subject to recompliance with chapters 1 & 2 of ASX Listing Rules) resume trading on ASX. The remaining key dates are as follows:
Securities on Issue:
CNL: 53,956,177 ordinary shares
CNLO: 25,367,001 options expiring 31 March 2014
CNLCA: 15,471,296 partly paid shares
Key Dates
| Key Dates | |
|---|---|
| Thursday, 7 June 2012 | Settlement Date |
| Friday, 8 June 2012 | Allotment of Shares |
| Tuesday, 12 June 2012 | ASX Trading Resumes |
These dates are indicative only and are subject to change without notice. The Company, in consultation with the Lead Manager, reserves the right to amend the dates stated in this announcement without prior notice.
David Regan, Managing Director of the Company said “This is a significant achievement for CNL in extremely difficult market conditions. The support of existing and new shareholders has been very positive and is acknowledged.
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Subject to the re-listing by the ASX, CNL is now better placed to advance aggressively its new North Africa business plan. Celamin Limited and its partner, TMS, continue to progress the Tunisian phosphate projects and we look forward to announcing regularly the progress."
DAVID REGAN MANAGING DIRECTOR
About Celamin Holdings NL
Celamin Holdings NL (ASX Code CNL) is an ASX listed company focused on the exploration and development of resource projects in North Africa initially in Tunisia and Algeria.
Celamin holds the Chaketma Phosphate exploration permit in Tunisia with TMS. This project is Celamin’s current focus as it has larger target potential than Celamin’s other Phosphate project Bir El Afou. The first results from channel sampling, 12 hole drilling program and historic data at Chaketma have been announced. The Chaketma project would use the same rail and port infrastructure as identified in the Bir El Afou pre-feasibility studies.
Celamin continues to step up work to carry out a due diligence drilling program for its farm-in to an Exploitation Permit at the Oued El Kebir precious and base metal project in Algeria.
Celamin has also acquired rights to several base metal tailings Projects in Tunisia with TMS and is the holder of three Exploration Permits with base metal (Pb/Zn) targets on a 50/50 basis with TMS.