Cleansing Notice and Appendix 3G
Share placement completed, raising $1.59 million gross proceeds with 145.2 million shares issued.
- Gross proceeds raised $1.59 million
- New shares issued in placement 142,204,543 shares
- Subscription price per share $0.011
- Shares issued for services 3,000,000 shares
- Total issued share capital post-placement 1,602,939,898 ordinary shares
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New Frontier Minerals Ltd (LSE and ASX: NFM) advises that settlement of the Share Placement announced by the Company on 4 June 2025 ("Placement") has been completed, raising gross proceeds of $1.59 million. Under the Placement, following completion of final allocations, the Company issued 142,204,543 fully paid ordinary shares ("New Shares") at a subscription price of $0.011 per New Share to professional and sophisticated investors. The New Shares were issued pursuant to the Company's placement capacity under ASX Listing Rule 7.1. The Company today has also issued 3,000,000 fully paid ordinary shares at a deemed price of $0.011 per share in lieu of cash for marketing and investor relation services.
Cleansing Notice
The 145,204,543 fully paid ordinary shares were issued without disclosure to investors under section 708A(5) of the Corporations Act 2001 (Cth) ("Act"). With reference to the Shares issued, in accordance with section 708A(6) of the Act", the Company gives notice under paragraph 708A(5)(e) that:
- The Shares were issued without disclosure to investors under Part 6D.2 of the Act; and
- As at the date of this notice:
- the Company has complied with sections 674 and 674A of the Act; and
Following the admission of the New Shares, the Company's total issued share capital will consist of 1,602,939,898 Ordinary Shares. The above figure may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Appendix 3G
NFM advises that an Appendix 3G has been issued to the ASX and is available on the Company's website: https://newfrontierminerals.com/investor-dashboard/
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.