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PHOSCO LTD — Regulatory Filings 2012
Mar 12, 2012
65559_rns_2012-03-12_2a7d7d58-86e7-4729-947a-55b339551920.pdf
Regulatory Filings
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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]
13 March 2012
Celamin Acquisition: Submission of Notice of Meeting with ASIC
Board of Directors
Andrew Thomson (Chairman)
David Regan (Managing Director) Martin Broome (Non‐executive Director)
Melanie Leydin (Non‐executive Director)
The Board of Celamin Holdings NL (ASX Code: CNL) wishes to advise that the Company has lodged its Notice of meeting to Shareholders with the Australian Securities and Investments Commission (ASIC) on 9 March 2012 and will now await their review of the Notice of Meeting which may take up to 14 days.
Based on an ASIC review of 14 days and a concurrent ASX review of the Notice of Meeting the indicative timetable for the completion of the acquisition of the remaining 90% of Celamin Limited (which holds the North African phosphate & base metals assets) by the company is as follows:
Company Secretary
Melanie Leydin
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
Indicative Timetable
| Dispatch of Notice of Meeting | 27 March 2012 |
|---|---|
| Shares suspended from Trading | 26 April 2012 |
| Shareholder Meeting | 26 April 2012 |
| Issue of Prospectus | 10 May2012 |
| Close Prospectus | 31 May2012 |
| Issue Shares under Prospectus | 4 June 2012 |
| Despatch Date | 4 June 2012 |
| Completion of Acquisition | 4 June 2012 |
| ASX TradingResumes | 12 June 2012 |
Further information in relation to the project acquisition will be provided to shareholders in the notice of meeting and explanatory statement to be sent to shareholders.
In the interim, Celamin Limited will continue with the assessment of the Chaketma and Bir El Afou Phosphate projects.
Celamin Holdings NL ASX Announcement
Updated Schedule for Acquisition of Celamin Limited 13 March 2012
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.
For further details, please contact:
DAVID REGAN EXECUTIVE DIRECTOR