GREENVALE MOVES TO ACQUIRE 100% OF KNOX RESOURCES AND RAISES AN...

GREENVALE MOVES TO ACQUIRE 100% OF KNOX RESOURCES AND
RAISES AN ADDITIONAL 1$1.95M FROM CORNERSTONE INVESTORS
Knox Resources founding directors and prominent mining executives Neil Biddle and Tony
Leibowitz underpin further capital raising initiatives
11 August 2020
Highlights
• Greenvale acquires the remaining 20% of NT-focused exploration company Knox Resources,
giving it 100% ownership of a highly prospective 4,475km2 Iron Oxide Copper-Gold (IOCG)
exploration portfolio in the Georgina Basin.
• Following its recent successful $2.1M Entitlement Offer, Greenvale raises a further $660,000
from sophisticated investors with applications for an additional $841,000 received from
these investors, subject to shareholder approval.
• Substantial shareholders and former principals of Knox Resources, well-known mining
executives Neil Biddle and Tony Leibowitz, have also agreed to invest a further $450,000,
subject to shareholder approval.
• This increases the total amount raised, or to be raised to over $4.0M, strengthening
Greenvale’s financial position, introducing supportive shareholders to the Company and
putting it in a strong position to progress its Georgina Basin and Alpha Resources Projects.
Greenvale Mining Limited (ASX: GRV or the Company) is pleased to advise that it has taken further
important steps to advance its previously announced diversification and growth strategy in the
minerals sector.
Following the approval of the various resolutions at the General Meeting held on the 10 August 2020,
the Company announces the following growth and capital raising initiatives:
Acquisition of 100% of Georgina Basin IOCG Project, NT
The Company has exercised its option to acquire the remaining 20% of shares in Knox Resources
Limited (Knox) and is now the 100% shareholder of Knox.
1 Approximately 67.9 million shares or $1.29 million is conditional upon shareholder approval.