ASX RELEASE
24 OCTOBER 2016 ASX CODE:KAS
OUR PRIME COMMODITY IS TIN
LME TIN PRICE (21/10/16)
USD 20,100 / t
(CASH BUYER)
ABOUT KASBAH
KASBAH IS AN AUSTRALIAN LISTED MINERAL EXPLORATION AND DEVELOPMENT COMPANY.
THE ATLAS TIN JOINT VENTURE (KASBAH 75%, TOYOTA TSUSHO CORP 20% AND NITTETSU MINING CO. LTD 5%) IS ADVANCING THE ACHMMACH TIN PROJECT IN THE KINGDOM OF MOROCCO TOWARDS PRODUCTION.
PROJECTS ACHMMACH TIN PROJECT (75% KAS) BOU EL JAJ TIN PROJECT (100% KAS)
CAPITAL STRUCTURE
DESPATCH OF
SCHEME BOOKLET
Kasbah Resources Limited (Kasbah or the Company) is pleased to announce that the scheme booklet for the proposal by Asian Mineral Resources Limited to acquire all of the ordinary shares in Kasbah by way of a scheme of arrangement (Scheme) has today been despatched to Kasbah shareholders along with a personalised proxy form, election form and a notice convening a meeting of Kasbah shareholders to consider the Scheme (Scheme Booklet).
If the Scheme is implemented, Kasbah shareholders will receive:
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0.13 AMR share CHESS Depositary Interests (CDIs) and 0.04 AMR warrant CDIs per Kasbah share held, with each CDI representing a beneficial interest in 10 AMR shares or 10 AMR warrants (as applicable); or
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if so elected, 1.3 AMR shares and 0.4 AMR warrants per Kasbah share held.
The meeting of shareholders to approve the Scheme (Scheme Meeting) will be held at 10.00am (WST) on Wednesday 23 November 2016 at BDO, The Hay Room, 38 Station Street Subiaco, Western Australia 6008.
Kasbah shareholders who have elected to receive electronic communications from Kasbah should have received an email containing a link to the Scheme Booklet and personalised proxy and election forms.
A copy of the Scheme Booklet is available on Kasbah's website at www.kasbahresources.com.
MAJOR SHAREHOLDERS
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SHARES ON ISSUE:
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556 M
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UNLISTED OPTIONS:
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0.5 M
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CASH @ 30/06/16
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$1.2 M
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The Company will continue to keep shareholders updated on the status of the Scheme as the timetable progresses.
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WORLD BANK (IFC)
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17.7%
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AFRICAN LION GROUP
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15.7%
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THAISARCO
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5.6%
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TRAXYS
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5.3%
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If you have any questions on the Scheme or require further information, please contact the Kasbah Shareholder Information Line on +61 1800 220 771 anytime between 9.00am and 5.00pm (WST) Monday to Friday.
CONTACTS
: + 61 8 9463 6651
: [email protected]
: www.kasbahresources.com
@kasbahresources