Gascoyne ready to recomence trading on the 24th of...

Gascoyne ready to recomence trading on the 24th of September--everghts
 Fully underwritten institutional placement and 2-for-1 accelerated pro rata non-renounceable
entitlement offer to raise approximately A$85 million
 New shares to be issued at A$0.025 per share
 A$40 million debt facility signed with Investec Bank plc
 Funding package to facilitate Gascoyne’s recapitalisation and reinstatement to official
quotation on ASX
 Proceeds from the equity raising and new debt facility to be applied to reducing existing
debt, effectuating the Deed of Company Arrangement and enhance working capital for
growth initiatives such as resource definition drilling and broader exploration activities
 With a deleveraged balance sheet and revised life of mine plan, Gascoyne is well positioned
to drive sustainable operational performance, having achieved 7 consecutive months of
>6Koz monthly production through to July 2020
 New Board and Management team well-placed to execute corporate strategy and deliver
shareholder value
 Gascoyne expected to recommence trading on ASX on 24 September 2020ything in place.