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Microsoft Word - MEI_2015 11 24_ASX Release_Mandate_Otsana.docx
24 November 2015
Company Announcements Office Australian Securities Exchange SYDNEY NSW 2000
CORPORATE ADVISORY MANDATE - OTSANA CAPITAL
Ground Floor 22 Delhi Street
West Perth WA 6005
PO Box 963
West Perth WA 6872 Telephone: 08 9485 2836
Facsimile: 08 9321 6571 www.meteoric.com.au
ABN 64 107 985 651
The Directors of Meteoric Resources NL (the Company) are pleased to announce that they have executed a Corporate Advisory Mandate (Agreement) with Otsana Pty Ltd trading as Otsana Capital (Otsana) of West Perth to act as Corporate Advisor for a period of twelve months effective from 18 November 2015.
Under this Agreement, Otsana will provide corporate and financial advice to the Company. Otsana will:
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assist the Company to prepare appropriate presentation and marketing materials;
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coordinate and undertake agreed initiatives to market the Company to potential investors; and
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generally manage and liaise with potential investors with a view to raising the required capital when required.
In consideration of Otsana being appointed, the Directors have agreed to:
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issue Otsana or its nominees fifteen (15) million fully paid ordinary shares under the Company's existing placement capacity upon signing of the Agreement;
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issue a further eleven (11) million fully paid ordinary shares upon the successful introduction of a transaction that the Company proceeds with; and
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in the event that the Company undertakes a capital raising during the term of the Agreement, Otsana will be entitled to a 1% advisory fee on total monies raised together with an additional 5% on any capital raised by Otsana or any AFSL holders that Otsana introduces.
Yours faithfully
Graeme Clatworthy
Managing Director
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Meteoric Resources NL
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CODE : MEI.AX |
ISIN : AU0000MEICA7 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Meteoric Res. is a gold and copper exploration company based in Australia. Meteoric Res. holds various exploration projects in Australia. Its main exploration properties are BARKLY JV and WEBB GOLD PROJECT in Australia. Meteoric Res. is listed in Australia and in Germany. Its market capitalisation is AU$ 29.1 millions as of today (US$ 20.0 millions, € 17.9 millions). Its stock quote reached its lowest recent point on March 08, 2019 at AU$ 0.01, and its highest recent level on January 07, 2024 at AU$ 0.31. Meteoric Res. has 253 270 000 shares outstanding. |