VERITY RESOURCES LIMITED — Share Issue/Capital Change 2017

Apr 10, 2017

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ASX:BML

ABN:

96
122
995
073

Issued
Capital: 1,408,365,814
ordinary
shares

Market
Cap
(11
April
2017): $2.8
M

Directors:

Mr
Patrick
Volpe
(Chairman) Mr
Matt
Hudson
(Non-­‐Executive
Director) Mr
Steve
Groves
(Non-­‐Executive
Director)

Registered
Office: Suite
506,
Level
5 1
Princess
Street,
Kew Victoria,
Australia,
3101

**ASX

ANNOUNCEMENT**

**11

APRIL
2017**

**DIRECTORS’

FEE
PLAN**

Botswana
Metals
Limited
advises
that,
following
the
receipt
by
the
Company
of
an exercise
notice
yesterday,
53,950,000
new
fully
paid
ordinary
shares
will
be
issued to
Trayburn
Pty
Ltd
pursuant
to
the
Directors’
Fee
Plan
(approved
by
the shareholders
of
the
Company
at
the
Annual
General
Meeting
held
on
30 November
2016)
in
satisfaction
of
accrued
fees
of
$107,900
due
to
Trayburn
Pty Ltd
for
director,
management
and
consulting
services.
Mr
P
J
Volpe
is
a
Director and
shareholder
of
Trayburn
Pty
Ltd.

The
issue
price
is
0.2
cents
($0.002)
being the
closing
price
of
the
Company’s
shares
on
the
ASX
on
7
April
2017.

A
Cleansing
Notice
and
Appendix
3B
will
be
lodged
once
the
shares
have
been issued
by
the
Company’s
Share
Registry.

**Mr

Patrick
Volpe**

Chairman

Contact:

p:
+61
(3)
9855
1885 e:
info@botswanametals.com.au

**About

Botswana
Metals
Limited:**

BML
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
at
0.72%
Ni, 0.21%
Cu,
and
0.73g/t
PGE
+
Au 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.