MCT

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0.2¢ metalicity limited

Ann: Kimberley Mining TSX-V Listing Update, page-3

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ryobal

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29/05/18

09:32

Post #: 33346681
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Originally posted by C'estLaVie ↑

Metalicity Limited (“Metalicity”) has agreed to terms for the sale and purchase of the Admiral Bay, Napier Range and Emanuel Range Zinc Projects (“Zinc Projects”) with Kimberley Mining Limited (“Kimberley Mining”)

Metalicity will effectively vend the zinc projects into Kimberley Mining in exchange for C$32.5M cash and shares1 (up to C$12.5M cash and retaining 25M shares approximate value of C$20M), subject to Metalicity shareholder and Australian and Canadian Regulatory approval

Metalicity will retain approximately 40% of the expanded capital of Kimberley Mining post the Initial Public Offering (IPO) on the TSX-V and the targeted C$25M capital raising2 which will be used to advance drilling and feasibility studies primarily on the Admiral Bay Zinc Project

Kimberley Mining is represented by 3 Toronto based Directors, including a President and Chief Executive Officer, and 3 Perth based directors representing Metalicity (see ASX:MCT 09/05/18)

Kimberley Mining has recently received stamp duty exemption from the Office of State Revenue on the purchase of the zinc projects, saving approximately A$2M in stamp duty tax liabilities

A Notice Of Meeting (NOM) specifying the resolutions to approve the transaction will be dispatched to Metalicity shareholders in approximately 1 week following ASX and ASIC review of the NOM

Metalicity and Kimberley Mining have both been approached by numerous global investment banks to complete the broker syndicate for the IPO, which is forecast to take place in September 2018

Metalicity Limited (ASX:MCT) (“MCT” or “Company”) is pleased to report that it has agreed to the terms for the sale and purchase of the Admiral Bay, Napier Range and Emanual Range Zinc Projects (“Zinc Projects”) with Kimberley Mining Limited (“Kimberley Mining”) for the sum of approximately C$32.5M cash/shares, subject to shareholder and regulatory approval and completion of the IPO on the TSX

Matt may have finally exposed the plan moving forward and a like it.

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Currently mct valuation is more than just half the cash component in this.!!!

Let alone lithium cobalt and zinc plays !!

If this goes through multi bagging on cash component alone
MCT Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $8.971M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$500	250K

Buyers (Bids)

No.	Vol.	Price($)
57	180380980	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	50000	1

View Market Depth

No.	Vol.	Price($)
56	175380980	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	50000	1
0.003	93863611	60
0.004	16390286	10
0.005	11673264	11
0.006	18220175	13

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Ann: Kimberley Mining TSX-V Listing Update, page-3

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Immutep reports strong response rate from immunotherapies treating carcinomas

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Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

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Ann: Kimberley Mining TSX-V Listing Update, page-3

Top Stories

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Immutep reports strong response rate from immunotherapies treating carcinomas

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News