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MUSTANG CAPITAL RAISING and EXPENDITURE HISTORY
A BRIEF REVIEW OF THE PAST 9 MONTHS
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SEP QUARTER 2016 July 1 – Sep 30
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CAPITAL RAISED $1.0M – 25m new shares at 4.0c SHARES ON ISSUE [ASX Aug 5 2016] 298.749m
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Appealed TO: Investor Category. Professional and sophisticated investors
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OPERATING ACTIVIES and END OF QTR CASH ON HAND Exploration & Evaluation $1.045m TOTAL - OA $1.767m End of Quarter CoH [ASX Oct 28 2016] $0.698m
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INDEXING OA using Sep Q as 1.0x E & E - 1.0x TOTAL - 1.0x
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DEC QUARTER 2016 Oct 1 – Dec 31
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CAPITAL RAISED $2.8M – 133.4m new shares at 2.1c SHARES ON ISSUE [ASX Dec15 2016] 323.749m
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Appealed TO: Investor Category. US Institutions and sophisticated Aust investors.
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OPERATING ACTIVIES Exploration & Evaluation $1.665m TOTAL - OA $2.159m End of Quarter CoH [ASX Jan 30 2017] $0.698m
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INDEXING OA using Sep Q as 1.0x E & E - 1.593x TOTAL - 1.22x
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MAR QUARTER 2017 Jan 1 – Mar 31
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CAPITAL RAISED $5.88M – 76.4m new shares at 7.7c SHARES ON ISSUE [ASX Mar 21 2017] 525.956m
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Appealed TO: Investor Category. New and existing Institutions and sophisticated investors.
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OPERATING ACTIVIES Exploration & Evaluation $2.951m TOTAL - OA $4.194m End of Quarter CoH [ASX May 1 2017] $3.143m
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INDEXING OA using Sep Q as 1.0x E & E - 2.824x TOTAL - 2.374x
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SUMMARY OF 9 MONTHS ACTIVITIES by ‘NEW’ MUS MANAGEMENT
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TOTAL CAPITAL RAISED $9.68m (gross) ADDITIONAL SHARES 227.207m 1.760x
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WHO WERE THE NEW INVESTORS Institutions and seasoned investors - NOT RETAILERS -
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AMOUNT SPENT ON NEW E & E $5.661m spent last 9 months AND as a % of gross capital raised (5.661/9.68) 58.48%
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INVENTORY OF MINED CARATS As per End of each Quarter Sep 2016 - 460.43 (Oct 26 2016) Dec 2016 - 810.46 (Nov 24 2016) Mar 2017 - 73,500 (May 1 2017)
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