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RENASCOR RESOURCES LIMITED — Capital/Financing Update 2016
Feb 25, 2016
65723_rns_2016-02-25_f49afc79-8001-4d63-9376-ceee6b995d00.pdf
Capital/Financing Update
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ASX Announcement
26 February 2016
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CLEANSING STATEMENT
Renascor Resources Limited (“the Company”) (ASX:RNU) hereby provides notice to the ASX for the purpose of section 708A(5)(e) of the Corporations Act that it has issued today 18,000,000 fully paid Ordinary Shares in the Company at an issue price of $0.013 per Ordinary Share and 4,000,000 Options in the Company exercisable at $0.03 per option expiring on 30 September 2016, without disclosure to investors under Part 6D.2 of the Corporations Act as consideration for the acquisition of Sol Jar Properties Pty Ltd as announced on 26 October 2015 (“Sol Jar Acquisition”). Shareholder approval for the Sol Jar Acquisition was given at the Annual General Meeting held on 26 November 2015.
The Company states that as at the date of this notice:
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It has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company and section 674 of the Corporations Act; and
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It is not aware of any excluded information with the meaning of Sections 708A(7) and 708A(8) of the Corporations Act.
An Appendix 3B with respect to the Sol Jar Acquisition was lodged by the Company with ASX on 26 February 2016.
Background information
Renascor Resources is an Australian-based company focused on the discovery and development of economically viable mineral deposits. Renascor has an extensive tenement portfolio, holding interests in projects in key mineral provinces of South Australia, the Northern Territory and Western Australia, including significant graphite projects at Arno Bay, South Australia and at Munglinup, Western Australia.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr David Christensen
Mr Angelo Gaudio
Managing Director Company Secretary +61 8 8363 6989 [email protected]
ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]
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ASX code: RNU