4f9a6e16-2aa8-43ca-a7a6-8b8e8130294a.pdf
ASX Announcement
12 May 2016
European Lithium to list on ASX
Further to the announcement released by Cape Lambert Resources Limited (ASX: CFE) (Cape Lambert or the Company) on 11 May 2016, the Company has been requested by the ASX to provide further details on the
$6m value included in the quote made by Cape Lambert's Executive
Chairman Mr Tony Sage.
The value is calculated as follows:
|
Description
|
Total
|
|
Number of PNE Shares on Issue
|
73,044,750
|
|
Shares to be issued to ELL Shareholders
(Including milestone shares)
|
250,000,000
|
|
Total
|
323,044,750
|
|
Current PNE trading price
|
$0.083
|
|
Market Capitalisation
|
26,812,714
|
|
CFE shareholding in ELL
|
26.2%
|
|
Proposed Value
|
7,024,931
|
|
Conservatively Reported
|
6,000,000
|
Yours faithfully
Cape Lambert Resources Limited
Tony Sage
Executive Chairman
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 720,686,586
Unlisted Options
7,675,000 ($0.088 exp 18 Dec 2016)
Board of Directors
Tony Sage Executive Chairman
Tim Turner
Non-executive Director
Jason Brewer
Non-executive Director
Melissa Chapman Company Secretary
Cape Lambert Contact
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
Cape Lambert Resources Limited ABN 71 095 047 920
Corporate - 32 Harrogate Street, West Leederville WA 6007