Unearthing Tomorrow’s Energy

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Connected IO Limited is transforming into a junior mineral exploration company, Connected Minerals Limited (“Company”).

Binding agreements secured to acquire:

  • 100% of Namibia U308 Pty Ltd, which will hold an 80% interest in:
    • 1 granted exclusive prospecting licence (“EPL”); and
    • 2 EPL applications located in Namibia, which are prospective for uranium.
  • 100% legal and beneficial interest in 3 prospective multi-commodity exploration licences in Western Australia.

The Company intends to undertake a consolidation on a 20 to 1 basis, and raise up to $5.2 million (before costs) at $0.20 per Share via a:

  • Non-renounceable entitlement offer to Shareholders on a 8.5 for 10 basis to raise $2,700,000; and
  • Placement to professional and sophisticated investors to raise up to $2,500,000.
  • Funds raised will primarily be used to complete the acquisitions and conduct exploration activities.

 

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