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PROSPECT RESOURCES LIMITED — Share Issue/Capital Change 2021
Jul 22, 2021
65617_rns_2021-07-22_829acfdc-68cd-4940-a8e6-fd08cec0679b.pdf
Share Issue/Capital Change
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CLEANSING NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT
Prospect Resources Ltd (ASX: PSC, FRA:5E8) (“ Prospect ” or “ the Company ”) issued 9,497,680 fully paid ordinary shares on Thursday, 22 July 2021 as part consideration of the acquisition of Farvic Consolidated Mines (Pvt) Ltd’s 17% ownership of Prospect Lithium Zimbabwe, as approved by Shareholders at the General Meeting of the Company held on 25 June 2021 (“ Shares” ).
The Shares are subject to a voluntary escrow agreement with 25% of the Shares being released from voluntary escrow every 6 months. As 25% of the Shares will become tradable within 12 months of their issue the Company provides the following notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“ Corporations Act ”) and advises that:
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The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations 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 Corporations Act as they apply to the Company; and
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b. section 674 of the Corporations Act; and
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As at the date of this notice there is no information that is "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Corporations Act.
Approved for release by the Board of the Company.
ENDS
For further information, please contact:
Nicholas Rathjen Head of Corporate Development [email protected]
Prospect Resources Limited | ACN 124 354 329 | W: prospectresources.com.au
Level 2, 33 Richardson Street. West Perth WA 6005 | Email: [email protected]
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