Fortbridge Media ReleaseOGL Resources [ASX: OGL] - Strategic Capital Raising – Cape Lambert Resources Ltd becomes a Cornerstone Investor in OGL OGL Resources Limited (ASX: OGL) has announced that Cape Lambert Resources Limited has become a cornerstone investor by subscribing for and being allotted 1 million convertible notes in OGL which upon conversion, result in a fully diluted interest of 15.2% in the Company (9.8% in shares and 7.6% in options).
Highlights:
• Cape Lambert Resources Ltd has been secured as a cornerstone investor with an investment of $1 million;
• OGL is to raise up to a total of $2m in convertible notes to provide ongoing funding
• Cape Lambert will appoint a Director to the Board of OGL
Please refer to the attached press release for further details.
For further information, please contact:
Allan Fidock
Managing Director & CEO
OGL Resources Limited
Email:
Ph: +61 7 3720 8023
Corporate Advisor – Patersons Securities Limited
Jonathan Pearce – Associate Director, Corporate Finance
Email:
Ph: +61 2 8238 6222
Media & Investor Relations
Fortbridge
Bill Kemmery +61 400 122 449
Email: