AGM notice - section 4.3 "Following completion of the Return of...

AGM notice - section 4.3

"Following completion of the Return of Capital (if approved by Shareholders2), it is estimated that the
Company will have net cash reserves of approximately A$8 million. These funds will be used to
pursue acquisition opportunities in the resource sector. The Company is actively assessing
opportunities, with a particular focus on early stage gold and copper-gold projects both in Australia
and overseas."

CHZ has about 221m shares on issue so at 1c, the market cap is $2.2m . I'd expect it to trade around 2-3c after the 15c capital return , at a discount to the cash backing of 3.6c.