Issue of Placement Shares
Perth, July 19, 2016 AEST (ABN Newswire) - Cardinal Resources Limited (
ASX:CDV) ("Cardinal" or "the Company") is pleased to advise that it has issued 55,518,670 fully paid ordinary shares ("Shares") at 29 cents per share under ASX Listing Rule 7.1 and 7.1A as announced on 11 July 2016.
Subject to shareholder approval at a general meeting to be held in August 2016, the Company will issue up to a further 19,481,330 shares ("Tranche 2 Shares"). The Company will send a notice of meeting to shareholders in due course with respect to, amongst other things, the approvals required for the issue of the Tranche 2 Shares.
To view full details, please visit:
http://abnnewswire.net/lnk/FQ07T7VP
About Cardinal Resources Ltd
Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) is a West African gold exploration and development Company that holds interests in tenements within Ghana, West Africa.
The Company is focused on the development of the Namdini Project with a gold Ore Reserve of 5.1Moz (0.4 Moz Proved and 4.7 Moz Probable) and a soon to be completed Feasibility Study.
Exploration programmes are also underway at the Company's Bolgatanga (Northern Ghana) and Subranum (Southern Ghana) Projects.
Cardinal confirms that it is not aware of any new information or data that materially affects the information included in its announcement of the Ore Reserve of 3 April 2019. All material assumptions and technical parameters underpinning this estimate continue to apply and have not materially changed.
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