Bloom Offer

Why the rush to get into bed with Pala. Why didn't the director give the Bloom offer any consideration? Who  do our directors represent? They don't seem to give a rats about long term mums and dads investors who have supported them for years.

Why doesn't Pala simply go to a take over and let us escape?

"23 December 2016

The Board of Directors
Kasbah Resources Limited
11 Moreau Mews
Applecross WA 6153


Dear Sirs/ Madam

Firm Offer of Finance from Bloom Financial Advice​

Bloom Financial Advice Pty Ltd (“Bloom”) hereby confirms its willingness to provide finance to Kasbah Resources Limited on the following terms:


Placement

Investors:   Clients of Bloom and others including existing shareholders

Issue price:    3.5 cents per share (30% superior to Pala Investments offer)

No. of shares:    Such number of shares as to represent 15% of issued capital (approximately 103 million shares)

Amount raised:   Approximately $3.6 million

Placement fees: Nil (Pala Investments offer has associated costs)

Timing: Immediate


Rights Issue

Price: 2.3 cents per share

Terms:   1 for 6

Amount raised:   Approximately $2.7 million

Renounceable:   Yes

Underwriter:    Bloom or nominee

Underwriting fees: Nil


Condition

Board:   Wayne Bramwell, Mike Kitney, an African Lion nominee, Peter Stern (Bloom nominee) plus new appointment, as Chair, to be agreed by all other directors


Yours sincerely




David Willis
Director – Bloom Financial Advice Pty Ltd"