Core Energy Minerals Limited

Core Energy Minerals Limited (ASX:CR3)

Offer Price

A$0.0190

per share

Offer Size

A$2,500,000

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Placement

Core Energy Minerals Limited (ASX:CR3)

CR3

Lead Manager

Offer Price

A$0.0190

per share

Offer Size

A$2,500,000

Placement

Core Energy Minerals Limited

Offer Details

Issue Price (Per Share)

A$0.0190

Offer Size

A$2,500,000

Shares Available

131,578,947

Two-Tranche Private Placement Offer utilising the company’s existing capacity under Listing Rule 7.1 and 7.1A, along with additional shares pre-approved at an AGM, to raise up to $2.50m at $0.019 per share. Approximately $1.3m will be settled in the first tranche, pursuant to the company’s placement capacity, the balance will be settled in a second tranche subject to a shareholder approval at an EGM to be convened. GBA and the Company reserve the right to accept oversubscriptions of up to $500,000. The placement offer comes with 1 for 1 free attaching listed options with an exercise price of $0.035, expiring 2 years from the date of issuance. It is proposed that the options will be listed, subject to ASX Listing Rule requirements. The issuance of the Options also requires shareholder approval at the General Meeting.

Directors intend to commit up to $120k in the offer, subject to shareholder approval at an upcoming General Meeting. Argentinian investment group, Integra Capital, has provided a firm commitment of $1.0 million in the offer, with funds scheduled to be settled in Tranche 2.

Lead Manager: GBA Capital

Use of Funds

The funds raised will be focused towards:

  • Exploration activities – Australian projects $0.70m
  • Exploration activities – Brazilian projects $0.40m
  • Exploration activities – Nambian projects $0.15m
  • Repayment of Short Term Loan $0.75m
  • General Working Capital Purposes and Offer Costs $0.5m.

Company Overview

Core Energy Minerals Limited (ASX: CR3) is a mineral exploration company with a high potential asset portfolio in safe jurisdictions and diversified across commodity. CR3 aims to advance its projects across Namibia, Brazil and Australia, refining its focus, and potentially unlocking shareholder value through divestment or spin out options for the Graphite Project in South Australia. CR3 is currently focussed on its uranium projects in Namibia and Brazil, with the Company exploring options to expand its land position. 

Indicative Timetable

The below dates are indicative only and are subject to change without notice. The Company and GBA Capital reserve the right to extend the Closing Date of the offer or close the capital raise early without notice. All times are in AEDT (Sydney, Australia) unless stated otherwise.

CR3 placed in Trading Halt

Thursday January 23 2025

Placement Offer Opens

Thursday January 23 2025

Placement Offer Closes

4pm AEST Friday January 24 2025

Offer letters accepted

Friday January 24 2025

CR3 Recommences Trading

Tuesday January 28 2025

Settlement Tranche 1

Tuesday February 04 2025

Allotment of Shares - Tranche 1

Wednesday February 05 2025

Extraordinary General Meeting

Approx Start-March 2025

Settlement Tranche 2

Approx Start-March 2025

Allotment of Shares - Tranche 2

Approx Start-March 2025

Documents & Downloads

Disclaimer

This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Core Energy Minerals Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.

Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Core Energy Minerals Limited.

Core Energy Minerals Limited

Placement

Core Energy Minerals Limited (ASX:CR3)

CR3

Offer Price

A$0.0190

per share

Offer Size

A$2,500,000

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