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    CMD   AU000000CMD8

CASSIUS MINING LIMITED

(CMD)
Delayed Australian Stock Exchange  -  09:29 2022-09-29 pm EDT
0.0350 AUD   -5.41%
09/29Cassius Mining Limited Reports Earnings Results for the Full Year Ended June 30, 2022
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09/05Cassius Mining Starts Exploration at Tanzanian Lithium Project; Shares Slip 5%
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09/05Cassius Mining Limited Announces Exploration Begins At Chenene Lithium Project
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Cassius Mining : Capital Raising

07/10/2022 | 11:44pm EDT

For personal use only

ASX ANNOUNCEMENT

11 July 2022

CAPITAL RAISING

Cassius Mining Limited ("Cassius" or "the Company") (ASX: CMD) is pleased to announce that it has today lodged a prospectus prepared in accordance with section 713 of the Corporations Act with ASIC in relation to its proposed capital raising to raise gross proceeds of $1.372 million ("the Offer") ("Prospectus"1). A copy of the Prospectus is attached to this announcement.

Under the Prospectus, Cassius is offering to issue 80,748,180 new shares (New Shares) at an issue price of $0.017 per New Share and will issue these New Shares under its available Listing Rule 7.1 and 7.1A placement capacity. An Appendix 3B for the New Shares will be released to the ASX following this announcement.

Use of proceeds as outlined in the Prospectus

The Company intends to use the gross proceeds raised under the Offer in the following manner:

(Proposed) Use of Funds

Amount in A$

Q1 FY23

Q2 FY23

Q3 FY23

TOTAL

Fund the Phase 2 & Phase 3 drilling & exploration

$224,000

$168,000

$168,000

$560,000

programmes at Soalara

Conduct an interim JORC Resource evaluation in

$0

$40,000

$0

$40,000

relation to Soalara

Fund preliminary exploration activities on the Tanzanian

$25,000

$25,000

$25,000

$75,000

Prospecting Licences

Repay the loan referred to in Section 1.1 of the

$429,250

$0

$0

$429,250

Prospectus

General working capital (including to pay for the costs of

$90,000

$58,469

$120,000

$268,469

the Offer) purposes

Total

$1,372,719

Applicants should note that the above estimated expenditures will be subject to modification on an ongoing basis depending on the progress of the Company's activities.

This has been authorised and approved by the board of Cassius for release.

  • The Prospectus will be made available by contacting the Company or via the Company's website. A person should consider the Prospectus in deciding whether to acquire any New Shares. Any application for New Shares must be made in accordance with the Prospectus.

For personal use only

FURTHER INFORMATION

James Arkoudis, Director

e: james@cassiusmining.com

Wayne Kernaghan, Director/Co. Secretary

t: +61 407 233153, e: wayne@cassiusmining.com

Ghana Office

Madagascar Office

Cassius Mining Limited

Sydney Office

HNO. 4, 9th Street,

Lot ll 99 ABA

Suite 18 Level 4

Adjiringanor

Soavimasoandro,

ACN 115 027 033

3 Spring Street

Greater Accra, GHANA

Antananarivo,

Sydney NSW 2000

P.O Box GP 17867

MADAGASCAR

www.cassiusmining.com

AUSTRALIA

ACCRA

PO Box R383

Royal Exchange

NSW 1225

For personal use only

Cassius Mining Limited

ACN 115 027 033

Prospectus

For the offer and issue of 80,748,180 new Shares at an issue price of $0.017 per Share to raise gross proceeds of $1,372,719.

Important Notice: This Prospectus is a transaction specific prospectus prepared in accordance withthe requirements of section 713 of the Corporations Act. This is an important document that should be read carefully and in its entirety. Please read the instructions in this Prospectus (and on the accompanying Application Form) if you wish to apply for Shares under this Prospectus. If you do not understand this document or you are unsure whether to apply for Shares you should consult your stockbroker, lawyer, accountant or other professional adviser without delay. An investment in the Shares the subject of thisProspectus should be regarded as a highly speculative investment.

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

1

Table of contents

IMPORTANT INFORMATION

only

KEY OFFER INFORMATION

1

COMPANY & OFFER OVERVIEW

2

DETAILS OF THE OFFER

3

PURPOSE AND EFFECT OF THE OFFER

4

RISK FACTORS

use

5

ADDITIONAL INFORMATION

6

DIRECTORS' AUTHORISATION

7

GLOSSARY

SCHEDULE (SOLICITOR'S TENEMENT REPORTS)

For personal

CORPORATE DIRECTORY

2

3

6

8

16

19

23

26

33

34

35

39

For personal use only

Important information

  1. General
    This prospectus (Prospectus) relates to the offer for issue of 80,748,180 new fully paid ordinary shares (each, a Share) in Cassius Mining Limited ACN 115 027 033 (Company or Cassius) at an issue price of $0.017 per Share (Issue Price) to raise gross proceeds of $1,372,719 (Offer).
  2. Transaction specific prospectus
    This Prospectus is a transaction specific prospectus for an offer of continuously quoted securities (as defined in the Corporations Act 2001 (Cth) (Corporations Act)) and has been prepared and issued by the Company in accordance with the requirements of section 713 of the Corporations Act.
  3. Lodgment and Official Quotation
    This Prospectus is dated 11 July 2022 and a copy of this Prospectus was lodged with the Australian Securities and Investments Commission (ASIC) on that date. Cassius will apply to ASX Limited (ASX) for Quotation of the new Shares the subject of the Offer within 7 days after the date of this Prospectus.
  4. Expiry date
    This Prospectus expires on 11 August 2023, being the date which is 13 months after the date of this Prospectus. No Shares will be offered or issued under this Prospectus after 11 August 2023.
  5. No responsibility
    Neither ASIC nor ASX (or either of their respective officers) take any responsibility for the contents of this Prospectus or the merits of the investment to which this Prospectus relates. Furthermore, neither the Company nor the Share Registry (or any of their respective officers, employees, directors, agents or professional advisers) accept any responsibility, whether in negligence or otherwise, to persons who deal in Shares before receiving their updated holding statements.
  6. Prospectus availability
    During the Offer Period, a paper copy of this Prospectus will be available to Eligible Investors free of charge by contacting the company secretary on 0407 233 153 or via email at wayne@cassiusmining.com. In addition to issuing this Prospectus in printed form, a read-only version of this Prospectus will also be available on the Company's website at www.cassiusmining.com. Any person accessing the electronic version of this Prospectus for the purpose of making an investment in the Company must, subject to a limited number of exceptions, be an Australian resident and must only access this Prospectus from within Australia. The Corporations Act prohibits any person passing onto another person the Application Form unless it is attached to a hard copy of this Prospectus or it accompanies the complete and unaltered electronic version of this Prospectus.
  7. Publicly available information
    Information about the Company is publicly available and can be obtained from ASIC and ASX (including via ASX's website at www.asx.com.au). The contents of any website or ASIC or ASX filing by the Company is not incorporated by reference into this Prospectus and do not constitute part of the Offer. This Prospectus is however intended to be read in conjunction with the publicly available information in relation to the Company which has been notified to ASX. Eligible Investors should therefore also have regard to the other publicly available information in relation to the Company before making a decision on whether to invest in the Company.
  8. Financial Information
    Section 3.4 sets out the Financial Information referred to in this Prospectus. The basis of preparation of the Financial Information is also set out in Section 3.4. All dollar values are in Australian dollars ($ or A$), rounded to the nearest $0.1 million and all financial data is presented as at or for the half year ended 31 December 2021 (unless stated otherwise). Any discrepancies between totals and sums of components in tables contained in this Prospectus are due to rounding.
  9. Representations
    No person is authorised to give any information or to make any representation in relation to the Offer which is not contained in this Prospectus. Any information or representation not so contained may not be relied upon as having been authorised by the Company or the Company's directors (Directors) in relation to the Offer.

3

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Cassius Mining Ltd. published this content on 11 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 July 2022 03:43:00 UTC.


© Publicnow 2022
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Financials
Sales 2022 0,00 M 0,00 M 0,00 M
Net income 2022 -0,36 M -0,23 M -0,23 M
Net Debt 2022 0,31 M 0,20 M 0,20 M
P/E ratio 2022 -19,2x
Yield 2022 -
Capitalization 14,1 M 9,10 M 9,10 M
EV / Sales 2021 47,7x
EV / Sales 2022 703 820x
Nbr of Employees -
Free-Float 63,1%
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Income Statement Evolution
Managers and Directors
James Socrates Arkoudis Chairman & Chief Executive Officer
David Chidlow Director & Technical Director
Wayne John Kernaghan Secretary & Non-Executive Director
Willet Angongo Chief Geologist
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