MOD Mod Resources Limited

TIDMMOD

RNS Number : 6630D

MOD Resources Limited

27 June 2019

27 June 2019

MOD Resources Limited

("MOD" or the "Company")

Section 708A Notice

MOD Resources Ltd (ASX: MOD) (the Company) advises that it has issued 261,967 fully paid ordinary shares to directors in accordance with the Company's Employee Incentive Plan (Plan) (STI Shares). The Plan was approved by shareholders at the meeting held 30 May 2018 and the STI Shares approved by shareholders at the meeting held 29 May 2019. The STI Shares were included in the calculation of the A$167 million equity value quoted in the Sandfire transaction announcement and investor presentation released on 25 June 2019.

In accordance with section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act), the Company gives notice that;

   (i)      the STI Shares were issued without disclosure under Part 6D.2 of the Corporations Act; 
   (ii)      this notice is being given under paragraph 5(e) of section 708A of the Corporations Act; 

(iii) as at the date of this notice, the Company has complied with the provisions of the Chapter 2M of the Corporations Act (as they apply to the Company) and section 674 of the Corporations Act;

(iv) as at the date of this notice, there is no excluded information with respect to the Company for the purposes of sections 708A(7) and (8) of the Corporations Act.

An Appendix 3B reflecting the revised capital structure following the issue of the above securities has been released with this announcement

-ENDS-

For and on behalf of the MOD Board.

 
Julian Hanna                Mark Clements 
 Managing Director           Executive Chairman and Company 
                             Secretary 
Jeff Sansom                 Jos Simson / Emily Fenton (UK 
 Investor Relations          PR & IR) 
 E: IR@modresources.com.au   Tavistock 
 P: +61 (8) 9322 8233        P: +44 (0) 207 920 3150 
                             P: +44 (0) 778 855 4035 
                             E: MOD@tavistock.co.uk 
 

Subscribe at: www.modresources.com.au

About MOD Resources

MOD Resources Ltd (ASX/LSE: MOD) is a dual listed copper exploration and development company with a dominant land position within the Kalahari Copper Belt in Botswana. The Company is focussed on the 100% MOD owned T3 Copper Project, expected to be a high-margin, low-cost copper mine. In parallel with the development of the T3 Copper Project, MOD continues its exploration program across several priority drill targets and within untested areas of interesting and potentially significant Cu-Zn soil anomalies.

A substantial in-fill drilling program is in progress with the objective to upgrade a portion of T3 Indicated Mineral Resources to the higher confidence Measured Resource category subsequent to this FS announcement.

MOD has a social licence to operate within Botswana as well as within the host community of Ghanzi. MOD will continue to work collaboratively with regulators and members of the Ghanzi District to ensure that any social investments and developments are targeted to create a positive and lasting legacy.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCEANKXASFNEEF

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