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XENORA MINERALS LTD — Capital/Financing Update 2021
Feb 16, 2021
66103_rns_2021-02-16_6015d1e3-e596-438b-8e77-3cd67351ea57.pdf
Capital/Financing Update
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ASX Announcement
17 February 2021
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Release of Shares from Escrow and Small Shareholder Sale Facility Update
Todd River Resources Limited (ASX: TRT; “ Todd River ” or “the Company ”) advises, in accordance with ASX Listing Rule 3.10A, that a total of 60,000,000 Ordinary Shares will be released from voluntary escrow on 2 March 2021. These shares were issued as part of the consideration for the acquisition of the Berkshire Valley nickel-copper project, located 100 kilometres north of Chalice’s recent Julimar discovery in the South West Yilgarn Craton, and tenement applications over three magmatic Ni-Cu-PGE and sedex copper targets in other parts of Western Australia.
The Company also advises that the Small Shareholder Sale Facility, announced on 27 November 2020 has been completed. As advised in the Company’s Quarterly Activities Report, released on 22 January 2021, a total of 660 eligible shareholders representing 31.5% of shareholders holding a total of 2,091,247 shares had holdings valued at less than A$500 on the Closing Date and had not returned a Share Retention Form. This represented approximately 0.43% of Todd River’s total issued capital. Proceeds from the sale of these small holdings have been sent to holders.
Release authorised by Will Dix, Managing Director.
Enquiries: Will Dix, MD +61 8 6166 0255
About Todd River Resources
Todd River Resources (ASX: TRT) is an Australian-based resources company that has base and precious metal projects in Western Australia and the Northern Territory. The Company has resources at both its Mt Hardy and Manbarrum Projects and has recently acquired several exciting base metal projects in Western Australia including Berkshire Valley in the south west Yilgarn.
With a strong management team and tight capital structure, Todd River is well placed to pursue additional base metal opportunities across its extensive exploration portfolio that also includes the Berkshire Valley and Petermann Range Projects
4/24 Parkland Rd, Osborne Park WA 6017 | PO Box 1205 Osborne Park WA 6916 P +61 8 616 60255 | F +61 8 6270 5410 | E [email protected] www.trrltd.com.au
ABN 45 600 308 398