• Cosmo Gold IPO underway with lodgement of Prospectus for Registration
• Underwritten IPO to raise $5M with oversubscriptions of $1M
• Cosmo Gold Prospectus available at
www.cosmogold.com.au3D Resources Limited (ASX
DD) (3D Resources or the Company) is pleased to announce that it has
finalised lodgement of the Cosmo Gold Ltd. (Cosmo Gold) prospectus to commence the proposed
IPO which will conclude the spin out if its promising gold subsidiary.
Background
Following receipt of shareholder approval on 21 December 2020 to spin out its wholly owned
subsidiary Cosmo Gold Ltd and a subsequent successful seed raising of $600,000, the Company has
finalised preparation of the Cosmo Gold Ltd. prospectus which has now been lodged for registration.
The prospectus which is subject to a seven-day exposure period before applications can be accepted,
is available for download at
www.cosmogold.com.auCosmo Newbery is one of the few remaining unexplored greenstone belts in Western Australia with
Cosmo Gold holding the major part of the belt under granted exploration licences, applications and
an option. The majority of the licences are located on an Aboriginal Reserve subject to special access
requirements and Cosmo Gold has recently executed a Land Access Agreement with Yilka Talintji
Aboriginal Corporation (Yilka Talintji), in respect of land covered by tenements comprising
approximately 87% of the area of the Cosmo Newbery Project, and signed a Heritage Agreement
with Waturta Native Title Claims Group (Waturta), in respect of land comprising the remaining 13%
of the Cosmo Newbery project, which is awaiting execution by that entity. This will allow the
Aboriginal Lands Trust to recommend the Minister for Aboriginal Affairs issue a Mining Entry Permit
to allow Cosmo Gold to enter the Aboriginal Reserve and complete exploration activities.
Priority Offer
Under the terms of the Prospectus, Cosmo Gold is making a priority offer to Eligible 3D Resources
shareholders on the record date of 9 February 2021 of 10 million Shares at the Offer Price of $0.20
per share to raise up to $2 million. Cosmo Gold intends that each such eligible shareholder will
receive a minimum of $2,000 worth of shares at the offer price of $0.20 per shares applied for.
In Specie Distribution of 3D Resources Shares
As at the date of the prospectus (4 February 2021) the Company holds 15 million shares in Cosmo
comprising 71.16% of the issued capital. The Company proposes to distribute the Shares in specie to
ASX Announcement
5 February 2021www.3dresources.com.auEligible 3D Resources shareholders recorded on the register at 5.00pm AEDT on the Inspecie
Distribution Record Date of 17 March 2021 with the distribution proposed to be undertaken on 18
March 2021.
(20min delay)