🕐09.12.09 - 05:46 Uhr
Cauldron receives first tranche of A$10M Chinese investment
Media Release
9 December 2009
9 December 2009
Cauldron receives first tranche of A$10M Chinese investment
Key points:
- A total of A$10M to be invested into Cauldron
- Investment to occur in two tranches;
- A$3M via a Placement received
- A$7M via a Convertible Note facility
Australian uranium exploration and development company Cauldron Energy
Limited (ASX: CXU) ("Cauldron" or "the Company") has received the first
tranche of A$3M (of A$10M) from strategic Chinese investors, as per the
recently completed capital raising (see ASX announcement released 10
November 2009).
This first tranche, by way of a Placement, has seen Cauldron place a total
of 6M shares to the Chinese investors at an issue price of A$0.50 per
share, to raise A$3M.
These shares were issued pursuant to shareholder
approval obtained at the Companys Annual General Meeting on 24 November
2009.
The remaining funds (A$7M) will be provided, as per a Convertible Note
facility, to the Company in the coming months.
"Cauldron would like to welcome the strategic Chinese investors to its
register and looks forward to applying the received funds, plus those to be
received, to extensive exploration activities across its full suite of
uranium assets in Argentina and Australia," said Cauldron Chairman, Mr.
Tony Sage.
Cauldron Energy was created from the merger of two ASX listed companies,
Jackson Minerals Limited and Scimitar Resources Limited, in 2009.
To view the full ASX Announcement click here.
http://esp.gewru.com/download/files/12414/1025519/032__CXU_A_10m%20from%20Chinese%20investors%20-%20First%20Tranche%20_091209.pdf
For further information please contact:
Tony Sage
Cauldron Energy Limited
Ph: (08) 9380 9555
Terry Topping / Brett Smith
Cauldron Energy Limited
Ph: (08) 9211 5777
David Tasker
Professional Public Relations
Ph: (08) 9388 0944/ 0433 112 936
Email:
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