Castillo Copper : Cancel - Proposed issue of Securities - CCZ

Cancellation Summary

Entity name

CASTILLO COPPER LIMITED

Announcement Type

Cancellation of previous announcement

Date of this announcement Wednesday June 24, 2020

Reason for cancellation of previous announcement

No longer required to be issued for assistance with the capital raise

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of +Entity CASTILLO COPPER LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2 Registered Number Type ABN

1.3 ASX issuer code CCZ

1.4 The announcement is

Cancellation of previous announcement

1.4c Reason for cancellation of previous announcementRegistration Number 52137606476

No longer required to be issued for assistance with the capital raise

1.4d Date of previous announcement(s) to this cancellation Tuesday June 23, 2020

1.5 Date of this announcement Wednesday June 24, 2020

1.6 The Proposed issue is:

A placement or other type of issue

Part 7 - Details of proposed placement or other issuePart 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue?+Security holder approval

Court approval

Lodgement of court order with +ASICACCC approval

FIRB approval

Another approval/condition external to the entityNo

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?

Existing class

Details of +securities proposed to be issued

ASX +Security Code and Description

Will the proposed issue of this +security include an offer of attaching +securities?

No

CCZAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Maximum Number of +securities proposed to be issued

1,000,000

Purpose of the issue

For assistance with the capital raise

Offer price details for retail security holders

In what currency is the cash	What is the issue price per
consideration being paid?	+security?
AUD - Australian Dollar	AUD

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Oversubscription & Scale back details

May a scale back be applied to this event?

No

Part 7C - Timetable

7C.1 Proposed +issue date

Tuesday June 30, 2020

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1?

No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

Yes

7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1?

1,000,000 unlisted options, expiring 30 June 2023 @ $0.05

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)?

No

• 7D.2 Is a party referred to in listing rule 10.11.1 participating in the proposed issue?

  No

• 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?

  No

• 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?

No

Part 7E - Fees and expenses

• 7E.1 Will there be a lead manager or broker to the proposed issue?

  No

• 7E.2 Is the proposed issue to be underwritten?

No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

• 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?

  No

• 7F.2 Any other information the entity wishes to provide about the proposed issue