REG - Castillo Copper Ltd - Result of EGM

Castillo CopperAnnouncement

06/10/2020 15:40

RNS Number : 2799B
  
Castillo Copper Limited
  
06 October 2020
  
 

06 October 2020
CASTILLO COPPER LIMITED
("Castillo" or the "Company")
 
Result of EGM
Issue of Equity and Options
Castillo Copper Limited (LSE: CCZ; ASX: CCZ), a base metal explorer primarily focused on copper across Australia and Zambia, announces that at the Extraordinary General Meeting ("EGM") of the Company, held at 10:00 WST (03:00 BST) on 02 October 2020, all resolutions were duly passed. 
 
Issue of Equity and Options
 
Following the passing of all resolutions at the EGM, the Company will issue the following Options and Ordinary Shares to the Directors of the Company:
 
Issue of Options
 



Name 


Name of registered holder


No. of unlisted options held prior to change


Number of unlisted options acquired


Number of unlisted options held after change




Robert Scott


Ferber Holdings Pty Ltd


-       5,000,000 unlisted $0.05 options expiry 31 December 2023


-       3,000,000 


-       5,000,000 unlisted $0.05 options expiry 31 December 2023
-       3,000,000 unlisted $0.05 options expiry 30 September 2023




Simon Paull


Yingyang Pty Ltd


-       3,000,000 unlisted $0.05 options expiring 2 December 2022
-       3,000,000 unlisted $0.05 options expiring 2 December 2022 subject to vesting conditions


-       6,000,000 


-       3,000,000 unlisted $0.05 options expiring 2 December 2022
-       3,000,000 unlisted $0.05 options expiring 2 December 2022 subject to vesting conditions
-       6,000,000 unlisted $0.05 options expiring 30 September 2023




Gerrard Hall


Mr Gerrard Hall & Mrs Zara Ali


-       3,000,000 unlisted Options expiring 2 December 2022
 


-       5,941,176 


-       3,000,000 unlisted $0.05 options expiring 2 December 2022
-       3,000,000 unlisted $0.05 options expiring 30 September 2023
-       2,941,176 unlisted £0.028 options expiring 1 September 2023



 
Issue of Equity
 



Name


Name of registered holder


No. of securities held prior to change


Number acquired


No. of resulting securities after change 


% of enlarged share capital




Gerrard Hall


Mr Gerrard Hall & Mrs Zara Ali


5,100,000


2,941,176


8,041,176 


0.79%



 
Total Voting Rights
 
Following the admission of 2,941,176 Ordinary Shares, the Company's total issued share capital consists of 1,011,938,722 Ordinary Shares. The above figure may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
 
For further information please refer to the Notice of Extraordinary General Meeting/Proxy Form released on 3 September 2020 and previous announcements on the Company's website. In addition, details of the resolutions and the proxies received in respect of each resolution are set out in the proxy summary on the Company's website at: https://www.castillocopper.com/asx-announcements/.  
 
 
For further information, please contact:



Castillo Copper Limited


+61 8 6558 0886




Simon Paull (Australia), Managing Director
Gerrard Hall (UK), Director


















SI Capital Limited (Financial Adviser and Corporate Broker)


+44 (0)1483 413500




Nick Emerson


















Luther Pendragon (Financial PR) 


+44 (0)20 7618 9100 




Harry Chathli, Alexis Gore, Joe Quinlan







 
Notes to Editors: 
About Castillo Copper 
Castillo Copper Limited is an Australian-based explorer primarily focused on copper across Australia and Zambia. Castillo Copper is listed on the LSE and ASX under the ticker "CCZ". 
The main projects across Australia and Zambia include:
 
Australia
Mt Oxide Project
Castillo is targeting the development of a viable copper mining operation at the Mt Oxide Project, which has significant exploration upside with several high-grade targets including an interpreted 130m thick by 1,500m by 450m massive sulphide bedrock conductor that is about to be drilled. The project is located approximately 150km north of Mt Isa in northwest Queensland. The project is within the proximity of several historic and currently operating copper mines including Lady Annie and Capricorn Copper. 
Cangai Project
The Cangai Project is in northern New South Wales, where the Cangai Copper Mine is located, one of Australia's highest grading historic copper mines. The Company's core focus is the development and expansion of the Cangai Copper Mine, which comprises a volcanogenic massive sulphide deposit, with a JORC Code compliant Inferred Resource of 3.2Mt at 3.35 per cent. Cu. and up to 14.45 per cent. Cu in assayed diamond core intersections.
Zambia
Zed Projects
The Company is the sole shareholder of Zed, an Australian company which holds four high-quality prospective assets across Zambia's copper-belt, the second largest copper producer in Africa. Castillo Copper intends to initially focus on the Luanshya Project, which sits on the Zambian copper belt's Lufilian Arc geological structure. The second priority for the Company is the Mkushi Project, which contiguously surrounds an operating open-pit copper mine, in a region proven to be highly prospective for Cu-Au mineralisation. The Company is currently working towards establishing a Zambian in-country presence, utilising local geologists and joint venture partner teams.
Visit Castillo Copper's website: https://www.castillocopper.com/
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
ROMFSMFLMESSEDS