Koonenberry debuts on ASX, exploration to start

HIGHLIGHTS

• Koonenberry Gold shares commence trading on ASX.
• The Company is focused on exploration at the Koonenberry Gold Project in NSW.
• With the successful listing, a multi-disciplined exploration programme commences.

Koonenberry Gold Limited (ASX: KNB) is pleased to announce that its shares commenced trading on the Australian Securities Exchange (ASX) at 12:30 PM AEST today, following completion of an initial public offer (IPO) pursuant to its Prospectus dated 2 July 2021 (the Offer).*

KNB raised $8,000,000 pursuant to the offer under its prospectus dated 2 July 2021 by the issue of 40,000,000 shares at an issue price of $0.20 per share.

Koonenberry is an Australian mineral exploration and development company with a focus on exploring and developing the Koonenberry Gold Project. Early-stage exploration has been promising and has identified a pipeline of prospective targets.

The area has shown huge prospectivity and there has been minimal exploration undertaken to date. Koonenberry is targeting gold discovery in an emerging province geologically similar to the multi-million ounce producing Victorian Goldfields.

The Company will now proceed to mobilise its planned multi-disciplined exploration programme. With the current travel restrictions across interstate borders there has been a requirement to revise the plan in the short term to factor in the travel restrictions.

The Company will begin initial exploration programmes during the coming weeks, aimed at systematically designing a geological model to provide a defined drilling programme to test multiple priority targets.

“I would like to thank the entire Koonenberry team, our advisors at Ventnor Capital and SRG Partners and the more than 300 shareholders who now join us on this next phase of the Company’s development,“ Koonenberry CEO Karen O’Neill said.

Authorised by the Board of Koonenberry Gold Limited.

* Refer to Koonenberry Gold Limited Prospectus dated 2 July 2021.

Related

DISCLAIMER

Important Information

The information on the following pages relate to an offer of fully paid ordinary shares in Koonenberry Gold Limited (ACN 619 137 576) (‘Offer’).  The Offer is being made pursuant to a prospectus dated 2 July 2021 (‘Prospectus’) which has been lodged with the Australian Securities and Investments Commission (‘ASIC’).  A copy of the Prospectus is available on this website.

You must read this important notice before you attempt to access the electronic version of the Prospectus through this website. The information on this page is not part of the Prospectus. If you do not understand it, you should consult your professional adviser without delay.

No Advice

Nothing contained on this website or in the Prospectus constitutes investment, legal, business, tax or other advice. In particular, the information on this website and in the Prospectus does not take into account your investment objectives, financial situation or particular needs. In making an investment decision, you must rely on your own examination of the Company and the securities and terms of the offering, including the merits and risks involved. You should consult your professional adviser for legal, business or tax advice.

Warning

The Prospectus does not constitute an offer of or invitation to apply for securities in any jurisdiction where, or to any person to whom, it would not be lawful to issue the Prospectus or make the Offer.  It is the responsibility of any applicant outside Australia to ensure compliance with all laws of any country relevant to their applications, and any such applicant should consult their professional advisers as to whether any government or other consents are required, or whether any formalities need to be observed to enable them to receive a copy of the Prospectus, apply for and be allotted any securities.

In particular, the Prospectus must not be released or distributed in the United States or to, or for the account or benefit of, any person in the United States or in any jurisdiction outside of Australia where distribution may be restricted by law.  The Prospectus does not constitute an offer of securities in the United States or to, or for the account or benefit of, any US Person (as defined in Regulation S under the US Securities Act of 1933 as amended (‘US Securities Act’), or to any person to whom it would not be lawful outside of Australia, Hong Kong and Singapore.  The Prospectus has not been, and will not be, registered under the US Securities Act or the securities laws of any state or other jurisdiction of the United States. The shares offered under the Prospectus may not be offered, sold or resold in the United States or to, or for the account or benefit of, a US Person (as defined in Regulation S under the US Securities Act) (‘US Person’).

By proceeding, you represent, warrant and agree that:

  • you have read and understand the above statements; 
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You should ensure that any copy of the Prospectus that you view or print is completely downloaded.  To the extent permitted by law, the Company is not liable for any loss incurred from accessing or downloading the Prospectus from this website, including but not limited to data corruption or viruses.