Cassius Mining : Capital Raising

About this update from Cassius Mining Ltd

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: [email protected] Wayne Kernaghan, Director/Co. Secretary t: +61 407 233153, e: [email protected] Ghana Office Madagascar Office Cassius Mining Limited Sydney Office HNO. 4, 9 th 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 with the 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 this Prospectus 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 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 ). 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. 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. 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. 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. 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 [email protected] . 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. 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. 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. 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 .

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