Notice under section 708A(5)(e)
Released
Released
Announcement PDF
30 AUGUST 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 454,000 fully paid
ordinary shares in the capital of the Company (Shares) on the exercise of 454,000 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)
the Company continues to identify and review other commercial opportunities for the
Company which complement the Company’s existing projects and activities. Negotiations
with third parties are early stage, incomplete and confidential. There can be no certainty
that any agreement or agreements will be reached, or that any transaction will eventuate.
The Company will keep the market informed in accordance with its 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
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