Notice under section 708A(5)(e)
Released
Released
Announcement PDF
14 OCTOBER 2024
The Manager
Company Announcements Office
ASX Limited
Level 6, 20 Bridge Street
SYDNEY NSW 2000
NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT
Raiden Resources Limited (ASX: RDN DAX: YM4) (Company) confirms that today it issued 9,075,233 fully
paid ordinary shares in the capital of the Company (Shares) on the exercise of 9,075,233 Listed Options
RDNOA at an exercise price of $0.015 and an expiry date of 30 November 2024.
In respect of the Share issue, the Company gives notice pursuant to section 708A(5)(e) of the Corporations
Act 2001 (Cth) (Corporations Act) that:
1.
the Company issued the Shares without disclosure to investors under Part 6D.2 of the
Corporations Act; and
2.
as at the date of this notice, the Company has complied with:
a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and
b) section 674 and 674A of the Corporations Act; and
3.
as at the date of this notice, there is no information to be disclosed which is excluded information
(as defined in section 708A(7) and 708A(8) of the Corporations Act), other than is set out below:
a)
as announced on 9 August 2023, the Company is continuing with its strategy of assessing
opportunities to divest non-core assets within its portfolio, whilst advancing the lithium
potential over its Pilbara projects. As announced on 13 December 2023, the Company
entered into a Memorandum of Understanding with First Quantum Minerals Australia in
regard to a partnership over the Mt Sholl Ni-Cu-PGE project. The parties are anticipated to
enter into a binding agreement in the following months. The Company is also currently in
early-stage, incomplete and confidential negotiations with third parties with respect to the
proposed terms of any divestment of its other non-core assets. Until the material
commercial terms have been agreed, there can be no guarantee that such negotiations will
lead to the announcement or completion of a binding agreement. The Company will keep
the market informed in accordance with its continuous disclosure obligations; and
b)
as previously announced, the Company has commenced a drilling program and results will
be analysed, collated and will be released to the market on receipt of assays, in accordance
with the Company’s continuous disclosure obligations.
An Appendix 2A for the issue of the Shares and quotation has been published on the ASX.
This notice is authorised for ASX release by the Board of Raiden Resources Limited.
Yours faithfully,
KYLA GARIC
Company Secretary
P 08 6158 9990 F 08 6154 6447
Suite 7, 63 Shepperton Rd, Victoria Park, WA Australia 6001
ABN 68 009 161 522
Share your feedback
Discover