Ann: Part Underwriting of Options, page-5

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Kooyong04

667 Posts.

30/12/16

14:30

Post #: 21610880
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Originally posted by CheyneD ↑

Wow, pleasantly surprised.

PART UNDERWRITING AGREEMENT TO RAISE $2 MILLION

Marindi Metals Ltd (ASX: MZN) is pleased to advise that it has entered into an options underwriting agreement with Argonaut Capital Limited relating to the Company’s 2.0 cent options expiring on 31 December 2016

Argonaut will underwrite the exercise of any shortfall up to a maximum of 100 million 2.0 cent options, raising up to $2 million before costs.

As at 29 December 2016, there were 205,533,272 outstanding options.

Managing Director Joe Treacy said: “This agreement represents a strong vote of confidence in Marindi’s prospects, and ensures we are well funded to continue our high potential exploration and corporate objectives.”

Joe Treacy
Managing Director and CEO

Investor Inquiries

Marindi Metals Limited 08 9322 2338

Media Inquiries

Empeiros Advisory
John Phaceas
0411 449 621 [email protected]

Cheyne

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Well done Joe and team.

If you ever needed a firm reason to either hold, accumulate or perhaps to now invest in MZN for the first time, this may well be the impetus.

This says to me they have a lot of confidence in what's occurring and how 'things' are shaping up and a great start to 2017.

MZN Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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Ann: Part Underwriting of Options, page-5

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