ACN: 139 522 900
24 February 2017
ASX Market Announcements Office
Via ASX Market Announcements Platform
PLACEMENT TRANCHE 1 SETTLEMENTGascoyne Resources Limited ("Gascoyne" or the "Company") is pleased to announce that settlement of Tranche 1 of the recently announced $50,000,000 Placement has occurred today.
The company today issued 74,900,000 shares to institutional and sophisticated investors after receiving $35,081,287 (net of costs) in proceeds.
A shareholder meeting seeking approval to issue Tranche 2 of the Placement, being 25,100,000 shares, is scheduled for the 10th of March 2017.
Yours Sincerely
On behalf of Gascoyne Resources Ltd David LimCompany Secretary
P.O. Box 1449, West Perth, Western Australia 6872 Level 1, 41-47 Colin Street, West Perth, Western Australia 6005 Telephone +61 8 9481 3434, Facsimile +61 8 9481 0411
Email: admin@gascoyneresources.com.au, Web: www.gascoyneresources.com.au
Gascoyne Resources Ltd. published this content on 24 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 February 2017 08:08:12 UTC.
Original documenthttp://www.gascoyneresources.com.au/assets/Uploads/170224-Placement-Settlement-of-Tranche-1.pdf
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