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VERITY RESOURCES LIMITED — Capital/Financing Update 2017
Aug 17, 2017
66020_rns_2017-08-17_1955089d-2d0b-478c-a5b5-6ca628c33891.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
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ASX:BML
ABN: 96 122 995 073
Issued Capital:
18 AUGUST 2017
PLACEMENT FULLY SUBSCRIBED
The Board of Botswana Metals Limited is pleased to advise that Xcel Capital Pty Ltd has reported that the placement of 362,000,000 fully paid ordinary shares at 0.1 cent ($0.001) per share was fully subscribed and all application monies have been received by Xcel.
1,462,315,814 ordinary shares
Directors: Mr Patrick Volpe (Chairman) Mr Matt Hudson (Non-Executive) Mr Steve Groves (Director/Geologist)
The Company will issue and allot the shares once the funds are received from Xcel. It is expected that this will take place on or before Monday 21 August.
Patrick Volpe Chairman
Registered Office:
Suite 506, Level 5 1 Princess Street, Kew Victoria, Australia, 3101
Contact:
p: +61 (3) 9855 1885 e: [email protected]
About Botswana Metals
Botswana Metals is exploring for nickel, copper, cobalt, tantalum and lithium within its ~1,500 square kilometre exploration portfolio. These “new world” metals are becoming increasingly important as the world switches to cleaner sources of energy.
The company announced a maiden JORC Inferred Resource of 2.38Mt on 28[th] April 2015 from drilling within a small 185 square kilometre section of its exploration portfolio in which it had entered a joint venture with BCL. At the time cobalt was not included in the resource calculation. Historical drilling outside of the joint venture ground has intercepted further nickel as well as significant intercepts of copper and cobalt. A soil sampling program detected traces of lithium and tantalum which warrant further exploration. Large tracts of BML’s exploration portfolio remain unexplored.