That the last Cervantes Capital Raising took place so quickly and easily and further calls and communications can or will be accommodated in the future was a plus for CVS Management and their Business Plan. The statement and ASX news release below can only be interpreted as completely positive for Cervantes investors. CVS Management has been working behind the scenes on the project and it seems as though the exploration programs and corporate activity are developing in an exciting direction for the future for those willing to accept high risk in this penny stock. And volumes seem to be slowly but surly growing as we progress daily and weekly.
Your Directors look forward to making further ongoing positive announcements in the near future as news from the exploration programs and corporate activity develops.
ASX ANNOUNCEMENT/MEDIA RELEASE
9 April 2018
Cervantes Capital Raising
Cervantes Corporation Limited (ASX: CVS) (Cervantes) or ( the Company) is pleased to advise
that as a result of the recent shareholders meeting and approval of additional capital raising
facilities, the Company has placed all of the available shares and attaching options.
40,199,593 fully paid shares together with 13,399,864 (one for three) free attaching options were
placed to professional investors under ASX listing Rule 7.1 to raise $281,397. This will require a
further shareholders meeting to refresh this facility for future funds if and when required.
In addition, and as a result of the enthusiasm of a number of investors, the full 50,000,000 fully
paid shares with 25,000,000 (one for two) free attaching options approved at the recent
shareholders meeting were placed to professional investors under ASX Listing Rule 7.1 to raise
$500,000. Further calls and communications were received, but the Company was unable to
accommodate these applications until the 15% facility revised calculations come into effect
after the current shares are issued.
Cervantes would once again like to thank the ongoing support of the local Chinese community
and existing shareholders and clients of New York Securities Pty Ltd (AFSL 317392) in completing
these placements.
Cervantes can now comfortably move forward knowing that all current exploration and drilling
commitments can be met, to allow the Company to further evaluate and develop all of its
projects, as well as meet other commitments and working capital requirements.
Your Directors look forward to making further ongoing positive announcements in the near future as news from the exploration programs and corporate activity develops.
