REG - Celsius Resources Ld - Completion of Funding Arrangement

Celsius ResourcesAnnouncement

12/05/2023 07:45

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RNS Number : 2370Z  Celsius Resources Limited  12 May 2023

 

12 MAY 2023

Celsius Resources Limited
Completion of Funding Agreement

Celsius Resources Limited ("Celsius" or the "Company") refers to the agreement
between the Company and Lind Global Fund II, LP, a fund managed by The Lind
Partners (together, "Lind", or "Investor") (as announced to ASX on 22 December
2022 ("Previous Announcement")) ("Agreement").

 

Capitalised terms used, but not defined, in this announcement, have the
meaning ascribed to them in the Previous Announcement (as applicable).

 

On 5 May 2023, the Company issued Lind a notice of its intention to repay 100%
of the Advance Payment Credit outstanding in cash and has subsequently agreed
to repay A$882,500 which satisfies the Company's obligations under the
Agreement in full ("Repayment").  Upon Repayment, the Agreement will be
terminated, no further funds will be advanced, no additional shares will be
issued and Celsius will no longer have to issue 38,235,294 options (previously
approved by Celsius shareholders for the purposes of ASX Listing Rule 7.1 at
the Company's general meeting held on 5 April 2023).

 

This announcement has been authorised by the Board of Directors of Celsius
Resources Limited.

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018.

 
Celsius Resources Contact Information

Level 5, 191 St. Georges Terrace

Perth WA 6000

 

PO Box 7059

Cloisters Square PO

Perth WA 6850

P: +61 2 8072 1400

E: info@celsiusresources.com.au (mailto:info@celsiusresources.com.au)

W: www.celsiusresources.com (http://www.celsiusresources.com)

 

 Celsius Resources Limited
 Peter Hume                                   P: +61 2 8072 1400

                                              E: info@celsiusresources.com.au (mailto:info@celsiusresources.com.au)

                                              W: www.celsiusresources.com (http://www.celsiusresources.com)

 Multiplier Media
 Jon Cuthbert                                 M: +61 402 075 707

                                              E: jon.cuthbert@multiplier.com.au (mailto:jon.cuthbert@multiplier.com.au)

 Beaumont Cornish Limited

 (Nominated Adviser

 Roland Cornish/Felicity Geidt/Andrew Price   +44 (0) 207 628 3396

 SPAngel

 (Broker)

 John Meyer/Ewan Leggat/Harry Davies-Ball     +44 20 3470 0470

 

 

 

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