ASX Announcement
18 August 2015
Cape Lambert Chairman reaffirms commitment by increasing Shareholding
Cape Lambert Resources Limited (ASX: CFE) (Cape Lambert or the Company) Executive Chairman, Mr Tony Sage, has reaffirmed his commitment to the Company by significantly lifting his shareholding via an off market purchases of 29,151,251 shares increasing his shareholding to
11.61%. Please refer to the attached Appendix 3Y for full details.
Commenting on his recent share purchase Mr Sage said, "I have believed in, and continue to believe in, Cape Lambert as an investment opportunity. During a time where capital markets are showing little support for resources companies I think it important I show support for the Company in the most tangible of ways by buying shares."
He further added "This acquisition of shares significantly alleviates the overhang of stock in the market which is positive for all Cape Lambert shareholders."
Mr Sage also said "Cape Lambert retains a strong cash position and together with its listed securities and current receivables in my view represents a compelling investment opportunity. I know all resource company executives believe their companies are undervalued, but with approximately $45m in cash, receivables and investments at current market values I genuinely believe Cape Lambert is undervalued, which is why I have shown this support to the Company."
Cape Lambert currently has $7m cash and approximately $20m of listed and unlisted securities. In addition the Company also has approximately
$18m in loans and convertible notes to third parties, with majority due to be repaid in coming six months.
Yours faithfully
Cape Lambert Resources Limited
Tony Sage
Executive Chairman
Cape Lambert Resources Limited ABN 71 095 047 920
Corporate - 32 Harrogate Street, West Leederville WA 6007
Cape Lambert Resources Limited (ASX: CFE) is a fully funded mineral development company with exposure to iron ore, copper, gold, uranium, manganese, lithium and lead-silver- zinc assets in Australia, Europe, Africa and South America.
Australian Securities Exchange
Code: CFE
Ordinary shares
626,686,586
Unlisted Options
500,000 ($0.15 exp 30 Sept 2015)
8,925,000 ($0.088 exp 18 Dec 2016)
Board of Directors
Tony Sage
Executive Chairman
Tim Turner
Non-executive Director
Jason Brewer
Non-executive Director
Ross Levin
Non-executive Director
Melissa Chapman
Company Secretary
Key Projects and Interests
Marampa Iron Ore Project
Pinnacle Group Assets
Cape Lambert Contact
Tony Sage
Executive Chairman
Eloise von Puttkammer
Investor Relations
Phone: +61 8 9380 9555
Email: [email protected]
Australian Enquiries Professional Public Relations David Tasker
Phone: +61 8 9388 0944
Mobile: +61 433 112 936
Email: [email protected]
www.capelam.com.au
Appendix 3Y
Change of Director's Interest Notice
Appendix 3Y
Change of Director's Interest Notice
Rule 3.19A.2
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity CAPE LAMBERT RESOURCES LIMITED
ABN 71 095 047 920
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
|
Name of Director
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Antony Sage
|
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Date of last notice
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13 May 2014
|
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should
be disclosed in this part.
|
Direct or indirect interest
|
Indirect
|
|
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
|
Indirect (1):
Shares owned by Mr Antony William Paul Sage as trustee of the EGAS Superannuation Fund.
Indirect (2):
Shares owned by PG Partnership, of which Okewood Pty Ltd is a member, a company in which Mr Sage has a relevant interest.
Indirect (3):
Securities owned by Okewood Pty Ltd, a company in which Mr Sage has a relevant interest.
|
|
Date of change
|
17 August 2015
|
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
Appendix 3Y
Change of Director's Interest Notice
|
No. of securities held prior to change
|
Indirect (1):
40,440,430 Fully Paid Ordinary Shares
Indirect (2):
250,000 Fully Paid Ordinary Shares
Indirect (3):
2,925,000 Fully Paid Ordinary Shares
1,500,000 Unlisted options exercisable at
$0.088 each on or before 18 December 2016 (subject to vesting conditions)
|
|
Class
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Fully Paid Ordinary Shares
|
|
Number acquired
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29,151,251
|
|
Number disposed
|
Nil
|
|
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
|
$320,663.76 (excluding Brokerage and GST)
|
|
No. of securities held after change
|
Indirect (1):
69,591,681 Fully Paid Ordinary Shares
Indirect (2):
250,000 Fully Paid Ordinary Shares
Indirect (3):
2,925,000 Fully Paid Ordinary Shares
|
|
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
|
Off Market trade
|
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should
be disclosed in this part.
|
Detail of contract
|
N/A
|
|
Nature of interest
|
N/A
|
|
Name of registered holder
(if issued securities)
|
N/A
|
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 01/01/2011
Part 3 - +Closed period
Appendix 3Y
Change of Director's Interest Notice
|
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?
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No
|
|
If so, was prior written clearance provided to allow the trade to proceed during this period?
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N/A
|
|
If prior written clearance was provided, on what date was this provided?
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N/A
|
Date: 18 August 2015
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 3