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POLYMETALS RESOURCES LTD — Share Issue/Capital Change 2022
Aug 16, 2022
65598_rns_2022-08-16_9b36f11f-b636-48ff-84a8-0a9a6dbff988.pdf
Share Issue/Capital Change
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ASX Announcement
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17 AUGUST 2022
Cleansing Statement
Polymetals Resources Ltd (ASX: POL , “ Polymetals ” or the “ Company ”) advises that it has today issued 1,126,126 fully paid ordinary shares ( Shares ) to a related entity of Sahara Natural Resources ( Sahara ). The Shares have been issued in consideration for part payment of drilling services totalling US$100,000 at an issue price of $0.12, pursuant to Listing Rule 7.1.
Cleansing Notice
The Company gives the following information under sections 708A(5)(e) and 705A(6) of the Corporations Act 2001 (Cth) (Act) in relation to the issue of the Shares:
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the Shares were issued without disclosure to the investor, Sahara under Part 6D.2 of the Act;
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this notice is being given under section 708(5)(e) of the Act;
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as at the date of this notice, the Company has complied with:
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a. the provisions of Chapter 2M of the Act as they apply to the Company; and
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b. section 674 of the Act; and
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as at the date of this notice, there is no information that is “excluded information” (as defined in subsections 708A(7) and 708A(8) of the Act) which is required to be set out in this notice under section 708A(6) of the Act.
An Appendix 2A concerning the issuance of the Shares has been lodged separately.
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This announcement was authorised for release by the Board of Polymetals Resources Ltd.
Contact information:
Alex Hanly Victoria Humphries Chief Executive Officer Media & Investor Relations [email protected] [email protected] +61 (0) 448 418 725 +61 (0) 431 151 676
For more information, visit www.polymetals.com.
Page 1 of 2 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]
ASX Announcement
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ABOUT POLYMETALS
Polymetals aims to become a gold production company, initially focusing on its two 100% owned exploration licences within Guinea’s Siguiri Basin, totalling 112km[2] .
The Siguiri Basin hosts several large active gold mining operations and is notable for its significant and widespread gold anomalism.
Polymetals’ Exploration Licences, known as Alahiné (64.2km[2] ) and Mansala (48.2km[2] ), host extensive historic and current artisanal gold production which reinforces exploration potential of the area.
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Figure 1: Proximal gold deposits relative to Polymetals’ Exploration Licences
Page 2 of 2 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]