Level 2, 41 - 43 Ord Street
West Perth WA 6005
Phone+61 8 6458 4200
Emailadmin@desertmetals.com.au
11 December 2020
STATEMENT OF CONFIRMATIONS
Desert Metals Limited (ACN 617 947 172) (Company) provides the following confirmations to satisfy conditions for admission of the Company's securities to quotation on ASX.
Capitalised terms in this announcement have the same meaning as given under the Company's prospectus dated 9 November 2020 (Prospectus) unless the context otherwise requires.
Completion of Offer
The Company confirms that all conditions to the offer under the Prospectus have been satisfied and the Company has issued 25,000,000 Shares under the Offer at an issue price of $0.20 per Share to raise $5,000,000.
Issue of Securities
In addition to the Shares issued pursuant to the Offer, the Company confirms that the Company has also issued 1,650,000 Options to the Lead Manager to the Offer, Morgans Corporate Limited.
No impediments
The Company confirms there are no legal, regulatory, statutory or contractual impediments to the Company entering and carrying out exploration activities on its granted tenements the subject of the commitments as disclosed in the Prospectus.
For more information regarding this announcement please contact;
Paul Heatley Company Secretary +61 417772569 paul@halifaxadvisory.com.au
Authorised for release by the board of Desert Metals Limited
5097-01/2447315_1
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WISR Limited published this content on 16 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2020 07:42:02 UTC