Placement Settlement & Section 708A(5) Notice
Released
Released
Announcement PDF
ASX Announcement
Released 27 August 2024
Placement Settlement
Infini Resources Ltd (ASX: I88, “Infini” or the “Company”) is pleased to announce that the Placement
announced on 2 August 2024 has settled, raising $2.4 million (before costs), via the issue of 4,000,000
new fully paid ordinary shares at an offer price of $0.60 per new share (“New Shares”), together with
4,000,000 free attaching options exercisable at $1.00 each (“New Options”).
As previously announced, the Director’s participation for $1 million is to settle following the receipt of
shareholder approval at the general meeting.
The proceeds of the Placement will be used to expedite the Company’s planned uranium exploration
programs, including supporting the upcoming expanded second phase surface geochemical survey and
maiden drilling at the 100% owned Portland Creek Uranium Project, and general working capital.
An Appendix 2A, 3G and cleansing notice has been lodged together with this announcement in respect of
this matter.
[END]
Release authorised by the Board of Infini Resources Ltd.
Contacts
Charles Armstrong
Managing Director and CEO
P: +61 (08) 9465 1051
Infini Resources Limited
ABN 77 656 098 583
www.infiniresources.com.au
InfiniResources
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Placement Settlement
About Infini Resources Ltd (ASX: I88)
Infini Resources Ltd is an Australian energy metals company focused on mineral exploration in Canada
and Western Australia for uranium and lithium. The company has a diversified and highly prospective
portfolio of assets that includes greenfields and more advanced brownfields projects. The company’s
mission is to increase shareholder wealth through exploration growth and mine development.
JOR 2012 Mineral Resource Deposit
JORC 2012 Classification
Tonnes and Grade
Des Herbiers (U)
Inferred Combined Resource
162 Mt @ 123ppm U3O8
(43.95mlb)
Compliance Statement
This report contains information regarding the Des Herbiers Mineral Resources Estimate extracted from the Company’s Prospectus
dated 30 November 2023 and released to the ASX market announcements platform on 10 January 2024, reported in accordance
with the 2012 edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC
Code). The Company confirms that it is not aware of any new information or data that materially affects the information included in
any original announcement and that all material assumptions and technical parameters underpinning the estimates in the original
market announcement continue to apply and have not materially changed. The original market announcements are available to
view on www.infiniresources.com.au and www.asx.com.au.
Forward Looking Statements
This announcement may contain certain forward-looking statements and projections. Such forward looking statements/projections
are estimates for discussion purposes only and should not be relied upon. Forward looking statements/projections are inherently
uncertain and may therefore differ materially from results ultimately achieved. Infini Resources Limited does not make any
representations and provides no warranties concerning the accuracy of the projections and disclaims any obligation to update or
revise any forward-looking statements/projects based on new information, future events or otherwise except to the extent required
by applicable laws. While the information contained in this report has been prepared in good faith, neither Infini Resources Limited
or any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the
fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement.
Infini Resources Limited
ABN 77 656 098 583
www.infiniresources.com.au
InfiniResources
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Infini Resources Ltd
L50, 108 St Georges Tce
Perth, Western Australia 6000
27 August 2024
ASX Market Announcements
ASX Limited
20 Bridge Street
Sydney NSW 2000
By Electronic Lodgement
Dear Sir/Madam
NOTICE GIVEN UNDER SECTION 708A(5) OF THE CORPORATIONS ACT
This notice is given by Infini Resources Limited (ASX: I88; "Infini" or "the Company") under section
708A(5)(e) of the Corporations Act 2001 (Cth) (the Act).
On 27 August 2024 the Company issued 4,000,000 fully paid ordinary shares together with 4,000,000
attaching options (exercise price $1.00, expiry date 27 August 2027) in the capital of the Company without
disclosure under Part 6D.2 of the Act.
The Company hereby confirms that:
1.
2.
As at the date of this notice, the Company has complied with:
(a)
the provisions of Chapter 2M of the Act as they apply to the Company; and
(b)
section 674 of the Act.
As at the date of this notice, there is no information that:
(a)
has been excluded from a continuous disclosure notice in accordance with the ASX Listing
Rules; and
(b)
investors and their professional advisers would reasonably require for the purpose of making
an informed assessment of:
(i)
the assets and liabilities, financial position and performance, profits and losses and
prospects of the Company; or
(ii)
the rights and liabilities attaching to the shares of the Company.
This notice has been approved for release by the Board of Infini Resources Limited.
Yours sincerely
Infini Resources Limited
Harry Spindler
Company Secretary
Infini Resources Limited
ABN 77 656 098 583
www.infiniresources.com.au
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