Caeneus Minerals : Update on Silver Swan & Cancellation of General Meeting

ACN 082 593 235

Code: CAD

646,515,616

19,500,000 (exercise price of $0.005; expiry date of 31 Dec 2016)

306,150,001 (exercise price of $0.03; expiry date of 28 Feb 2017)

Mr Keith Bowker

Mr Antony (Tony) Sage

Mr Michael Nottas

Caeneus Minerals Ltd (ìCaeneusî or ìthe Companyî) advises that it has terminated the binding agreement (ìAgreementî) with Poseidon Nickel Limited (ASX: POS) (ìPoseidonî) in relation to the Companyís acquisition of contractual rights (ìAcquisitionî) to mine the Silver Swan underground nickel mine.
The Company was unsuccessful in raising the required funds (ìCapital Raisingî) to complete the Acquisition on or before the Completion date of 14 September 2015 due to current economic conditions and falling commodity prices. Capital Raising was one of the conditions precedent to the finalisation of the Agreement.
The Company is seeking alternative investment and acquisition opportunities and will provide updates to the market as and when required.

The Board has also resolved to cancel the General Meeting of shareholders which had been convened for 10.00am WST on 14 September 2015 at Suite 4, 56 Kings Park Road, West Perth WA 6005, in accordance with Clause 11.3 of the Constitution of the Company.
The General Meeting was called for shareholders to consider and approve the following 3 resolutions:

 Resolution 1 - the acquisition of contractual rights in respect of the Silver Swan Mine;

 Resolution 2 ñ the issue of 240,000,000 fully paid ordinary shares to Throne Investments Pty Ltd and a non- associated third party nominee;

 Resolution 3 ñ the issue of 90,000,000 performance rights to Throne Investments Pty Ltd and a non- associated third party nominee

The above resolutions were interconditional and depended on the Company finalising the Capital Raising. For and on behalf of the Board

Keith Bowker

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