News

Appendix 3B in relation to Shares issued on 20 May 2019 under the Underwritten Non-renounceable Rights Issue.

The Company is pleased to advise that its underwritten non-renounceable pro-rata rights issue (ASX release 18 April 2019) closed at 5:00pm (ACST) on 10 May 2019. The Company received acceptances for 371,111,697 new shares at an issue price of $0.006 per share for a total $2,226,670, representing an approximate 41% take-up (including oversubscriptions). This included participation by a number of major shareholders, including DELPHI Unternehmensberatung Aktiengesellschaft (“DELPHI”) which took up its full entitlement together with the Board and management of the Company. Pursuant to the underwriting agreement, DELPHI will be allocated the remaining shortfall of 539,073,425 shares for a total

PNX Metals Limited reminds shareholders that the underwritten non-renounceable pro-rata rights issue (“Rights Issue”), announced on 18 April 2019, closes at 5pm (ACST) on Friday 10 May 2019.  All eligible shareholders should have received their Offer Booklet by now.  If you have not received your booklet and wish to participate, the Company encourages you to contact your broker or custodian, or you can contact the Company directly.

The Company advises that the offer documents in relation to an underwritten non-renounceable rights issue (Refer to ASX Announcement on 18 April 2019 for further detail) were despatched to Shareholders today.

Letter sent to PNX Shareholders providing details of the Underwritten Non Renounceable Rights Issue announced on 18 April 2019

Letter sent to PNX Optionholders in relation to the launch of the Non Renounceable Rights Issue

Cleansing Statement in relation to the launch of the Non Renounceable Rights Issue and notice under Section 708AA of the Corporations Act

Non Renounceable Rights Issue Offer Memorandum

Investor Presentation for Non Renounceable Rights Issue

Appendix 3B in relation to launch of Non Renounceable Rights issue

PNX Metals Limited is pleased to announce the launch of a three (3) for five (5) non-renounceable pro-rata rights issue at an issue price of $0.006 per new fully paid ordinary PNX share to raise approximately $5.48 million (before costs and expenses).  With strong support from key shareholders, and engagement of Hartleys Limited as Lead Manager to the Offer, PNX has secured commitments and underwriting for the full amount of the Rights Issue. The proceeds of the Offer will be used to undertake significant activity at PNX’s flagship Hayes Creek zinc-gold-silver project, including completion of the Definitive Feasibility Study, and