ASX ANNOUNCEMENT
5 May 2022
STRATEGIC REVIEW INITIATED
Following changes to the Board composition (refer ASX announcement dated 24 March 2022) the Directors of Kairos Minerals Limited (the Company or KAI) have engaged in a high-level review of the Company’s mineral project portfolio as well as costs across the board. The Directors have resolved to initiate a strategic review of the assets with the assistance of an independent third party.The strategic review will assess KAI’s Pilbara lithium and gold assets as well as the Roe Hill project to determine the best avenues for maximising shareholder value, be it through further exploration, onboarding strategic / cornerstone partners, joint venture arrangements, assets sales or assets spin-off.To assist in this review, the Company has engaged Corporate & Resource Consultants Pty Ltd (CRC) for a period of six months. CRC will also assist KAI in the identification and recruitment of suitable management who have technical expertise in the lithium and gold sectors.In addition to a monthly retainer fee, CRC will be issued with 50 million unlisted options (Options) in KAI, exercisable at $0.05 and expiring on 1 May 2026. The Options will be issued under the Company’s existing placement capacity under ASX Listing Rule 7.1.
ABOUT CRCCRC has experience in a wide range of mineral commodities, geological locations and all stages of a company’s development. Companies that started their journey to success from CRC’s offices, and those that CRC principals have advised include De Grey Mining Limited, Perseus Mining Limited and AVZ Minerals Limited.
This announcement has been authorised for release by the Company’s Board of Directors.
For further information, please contact:Investors:
Mr Phil Coulson
Director
Kairos Minerals Limited*******
where is this review outcome announcement?
18 months on no news, why?
how much was given away to crc from shareholders money?
ASX ANNOUNCEMENT 5 May 2022STRATEGIC REVIEW INITIATEDFollowing...
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $34.07M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.3¢ | 1.1¢ | $57.98K | 4.863M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 230000 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.3¢ | 3397457 | 9 |
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| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
1.2¢ |
Change
0.001 ( 9.09 %) |
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| Open | High | Low | Volume | ||
| 1.1¢ | 1.2¢ | 1.1¢ | 1490924 | ||
| Last updated 15.41pm 15/05/2024 ? | |||||
| KAI (ASX) Chart |