Download the Prospectus Access Online Application Website www.cosmogold.com.au
Pre Money Equity Valuation$4,271,000Min Raise$5,000,000Max Raise$6,000,000Estimated Close2021-03-11Issue
Type IPO Lead Manager RM Corporate Finance Pty LtdType of SecuritiesShares, OptionsDate First Lodged04/02/2021Offer Costs $$709,484Market Cap Max$10,271,000Key ExecutivesIan Hastings (NEC), Philip Ash (MD), John Chegwidden (NED)Company AddressLevel 4, 91 William Street Melbourne VIC 3000ExchangeASXChairman's LetterDear InvestorOn behalf of the Directors of Cosmo Gold Limited (ACN 636 743 649) (Cosmo Gold or Company), it gives me great pleasureto invite you to become a shareholder of the Company.The Company was incorporated as a wholly-owned subsidiary of 3D Resources Limited (ASXDD) (DDD) in October 2019,with a view to becoming the holder of the Cosmo Newbery Project. The Company now holds the Cosmo Newbery Projectlocated around the Cosmo Newbery aboriginal community approximately 90km north-east of Laverton in Western Australia(Project). The Project comprises five exploration licences and four exploration licence applications (Tenements). Due mainlyto access restrictions, and with the exception of restricted reconnaissance in 2017, the Tenements have been unexploredsince 2002. In December 2020, Cosmo Gold entered into the required YTAC Access Agreement with the Yilka Talintji AboriginalCorporation in respect of approximately 87% of the land comprising the Project. The Company has also negotiated and signeda Heritage Agreement with the Waturta Native Title Claims Group (Waturta) in respect of land comprising the remaining13% of the Project, and is awaiting execution by Waturta. Following issue of the required Mining Entity Permits theseagreements will allow ground-based exploration work on the Tenements.Under this Prospectus, Cosmo Gold is seeking to raise a minimum of $5 million and up to $6 million (before costs) by theissue of a minimum of 25 million fully paid ordinary shares in the Company (Shares) and up to 30 million Shares at the OfferPrice of $0.20 per Share by way of an initial public offering (Offer). Successful Applicants will also be issued a free attachingOption exercisable at $0.25 and expiring 29 February 2024 (Attaching Option) for every two Shares issued under the Offer.The Offer also incorporates an offer of up to 10 million Shares to Eligible DDD Shareholders to subscribe for further Sharesin addition to the Shares that they will receive under the In-specie Distribution (as defined below) and spin out of Cosmo Goldfrom DDD (Priority Offer). Cosmo Gold intends that each such Eligible DDD Shareholder will receive a minimum of $2,000worth of Shares at the Offer Price of $0.20 per Share applied for under the Priority Offer.On 21 December 2020, DDD obtained shareholder approval for DDD to distribute the Shares it holds in the Company in-specieto eligible shareholders of DDD (In-specie Distribution). DDD proposes to undertake the In-specie Distribution on 18 March 2021,which will result in the Eligible DDD Shareholders directly holding the Shares previously held by DDD.This Prospectus is issued, in part, for the purpose of supporting the Company’s application for admission to the Official Listof the Australian Securities Exchange (ASX). The Company believes that quotation on the ASX will provide a platform for growthand an ability to increase both efficiencies and potentially production and will position the Company to benefit from thestronger gold and other commodity prices.I lead an experienced, well-balanced Board and exploration team who have extensive skills in resource development.Cosmo Gold is also exposed to company-specific, industry-specific and general investment risks. Please refer to Section 8(Risk Factors) for further information about the risks inherent to the investment.I look forward to you joining the Company as a shareholder and participating in the exciting future ahead for the Company.Before making an investment decision, I urge you to read this Prospectus in its entirety and seek professional advice if required.Yours faithfullyIan HastingsNon-Executive ChairmanCosmo Gold LimitedAccess Online Application
CSM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
DD) (DDD) in October 2019,with a view to becoming the holder of the Cosmo Newbery Project. The Company now holds the Cosmo Newbery Projectlocated around the Cosmo Newbery aboriginal community approximately 90km north-east of Laverton in Western Australia(Project). The Project comprises five exploration licences and four exploration licence applications (Tenements). Due mainlyto access restrictions, and with the exception of restricted reconnaissance in 2017, the Tenements have been unexploredsince 2002. In December 2020, Cosmo Gold entered into the required YTAC Access Agreement with the Yilka Talintji AboriginalCorporation in respect of approximately 87% of the land comprising the Project. The Company has also negotiated and signeda Heritage Agreement with the Waturta Native Title Claims Group (Waturta) in respect of land comprising the remaining13% of the Project, and is awaiting execution by Waturta. Following issue of the required Mining Entity Permits theseagreements will allow ground-based exploration work on the Tenements.Under this Prospectus, Cosmo Gold is seeking to raise a minimum of $5 million and up to $6 million (before costs) by theissue of a minimum of 25 million fully paid ordinary shares in the Company (Shares) and up to 30 million Shares at the OfferPrice of $0.20 per Share by way of an initial public offering (Offer). Successful Applicants will also be issued a free attachingOption exercisable at $0.25 and expiring 29 February 2024 (Attaching Option) for every two Shares issued under the Offer.The Offer also incorporates an offer of up to 10 million Shares to Eligible DDD Shareholders to subscribe for further Sharesin addition to the Shares that they will receive under the In-specie Distribution (as defined below) and spin out of Cosmo Goldfrom DDD (Priority Offer). Cosmo Gold intends that each such Eligible DDD Shareholder will receive a minimum of $2,000worth of Shares at the Offer Price of $0.20 per Share applied for under the Priority Offer.On 21 December 2020, DDD obtained shareholder approval for DDD to distribute the Shares it holds in the Company in-specieto eligible shareholders of DDD (In-specie Distribution). DDD proposes to undertake the In-specie Distribution on 18 March 2021,which will result in the Eligible DDD Shareholders directly holding the Shares previously held by DDD.This Prospectus is issued, in part, for the purpose of supporting the Company’s application for admission to the Official Listof the Australian Securities Exchange (ASX). The Company believes that quotation on the ASX will provide a platform for growthand an ability to increase both efficiencies and potentially production and will position the Company to benefit from thestronger gold and other commodity prices.I lead an experienced, well-balanced Board and exploration team who have extensive skills in resource development.Cosmo Gold is also exposed to company-specific, industry-specific and general investment risks. Please refer to Section 8(Risk Factors) for further information about the risks inherent to the investment.I look forward to you joining the Company as a shareholder and participating in the exciting future ahead for the Company.Before making an investment decision, I urge you to read this Prospectus in its entirety and seek professional advice if required.Yours faithfullyIan HastingsNon-Executive ChairmanCosmo Gold LimitedAccess Online Application
