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TURNSTONE RESOURCES LTD — Capital/Financing Update 2018
Dec 20, 2018
65958_rns_2018-12-20_42cd24ed-6e67-4f3f-8ae0-f8ae501aa5bc.pdf
Capital/Financing Update
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December 2018
Davenport Resources Ltd
ASX Announcement 21[st] December 2018
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Davenport secures listing on Frankfurt Stock Exchange
COMPANY DETAILS
Davenport Resources Limited ABN : 64 153 414 852 ASX CODE: DAV ASX CODE (Options): DAVO FRANKFURT CODE: A2DWXX
PRINCIPAL AND REGISTERED OFFICE (& Postal Address) Davenport Resources Limited Level 28, 303 Collins Street Melbourne VIC 3000
W: www.davenportresources.com.au E: [email protected] P: +61 (0) 415 065 280
Capital Structure 143.1M Ordinary shares 34.4M Listed Options 16.6M Unlisted Options 6.2M Performance Rights
BOARD OF DIRECTORS Patrick McManus (Non-Executive Chairman) Dr Chris Gilchrist (Managing Director) Chris Bain (Executive Director) Rory Luff (Non-Executive Director)
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Highlights:
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Davenport Resources now listed on the Frankfurt Stock Exchange, the most prominent exchange in Germany
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Listing on Frankfurt exchange gives Davenport exposure to significant European investor audience, who can now freely trade Davenport securities on a local exchange and in a preferred time zone
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Davenport to increase its profile in the European market as its German potash assets continue to develop
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WKN code A2DWXX
Davenport Resources Limited (ASX: DAV) (“Davenport” or “the Company”), developer of a suite of high quality potash assets in the South Harz region of Germany, is pleased to advise that it has secured a listing on the Frankfurt Stock Exchange, under WKN code A2DWXX.
The listing of Davenport securities on the Frankfurt Stock Exchange, recognised as one of the leading exchanges in the region, provides Davenport access to a large European investor audience, who can now trade Davenport securities on a local exchange and time zone.
“Given we have a suite of German potash assets, which we continue to advance, we believed it important that we provide local European investors the opportunity to invest in the company so as to gain exposure to our development success,” said Dr Chris Gilchrist, Managing Director of Davenport Resources Limited. “The listing of our securities on the Frankfurt Stock Exchange will provide European investors the opportunity to trade our securities on a local exchange in a suitable timezone” he added. Davenport owns three mining licences in Germany namely Ebeleben, Ohmgebirge and Mühlhausen-Keula-Nohra-Elende, which boast significant JORC (2012) inferred resources. In 2019 Davenport is seeking to upgrade the current JORC Inferred Resources to the higher measured and indicated level by drilling one or possibly two holes in its licence areas.
December 2018
Davenport Resources Ltd
INVESTOR & MEDIA ENQUIRIES
Dr Chris Gilchrist - Managing Director Davenport Resources Ltd +353 41 988 3409 +353 87 687 9886 [email protected]
David Tasker - Managing Director Chapter One Advisors +61 (0) 433 112 936 [email protected]
Paul Cahill – Managing Director Bacchus Capital Advisers Ltd + 44 (0) 203 848 1643 [email protected]
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