Key Developments: Cougar Metals NL (CGM.AX)

CGM.AX on Australia Stock Exchange

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21 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Cougar Metals NL does not recommend final dividend
Tuesday, 30 Sep 2014 06:27pm EDT 

Cougar Metals NL:Says that directors recommend that no dividend be paid for year ended June 30, 2014.  Full Article

Cougar Metals NL announces sale of Brazilian mineral tenements
Monday, 25 Nov 2013 11:23pm EST 

Cougar Metals NL:Says has entered into agreements to sell 100 percent of remaining mineral tenements and freehold properties in Brazil.Says net proceeds for transaction amounts to approximately $3.25 million.  Full Article

Cougar Metals NL Does Not Declare Dividend
Monday, 21 Oct 2013 02:28am EDT 

Cougar Metals NL announced that the Directors recommend that no dividend be paid for the year ended June 30, 2013, nor have any amounts been paid or declared by way of dividend since the end of the previous financial year.  Full Article

Cougar Metals NL Announces Closure Of Non-Renounceable Rights Issue And Subscriptions
Friday, 10 May 2013 02:45am EDT 

Cougar Metals NL announced that its non-renounceable entitlement issue of one fully paid ordinary share in the Company for every two shares or two contributing shares (being a share which has an amount unpaid of AUD 0.124) held by eligible shareholders on the record date of April 12, 2013 at an issue price of AUD 0.01 per share to raise up to AUD 2,328,184 (Rights Issue) closed on May 7, 2013. The Rights Issue was made pursuant to a prospectus lodged with ASIC and ASX on April 3, 2013. The Company received applications to subscribe for 8,053,823 shares from eligible shareholders and contributing shareholders under the Rights Issue raising a total of AUD 80,538.23. This represents approximately 3.46% of all Shares offered under the Rights Issue. The Company added that it is the Board’s intention to place 195,000,000 of the shortfall shares at the issue price of AUD 0.01 per share pursuant to the Rights Issue and in accordance with the underwriting agreement it has entered into with Marcia Swick, and as set out in sections 4.5 and 9.4 of the Prospectus.  Full Article

Cougar Metals NL Announces Closure Of Non-Renounceable Rights Issue
Wednesday, 8 May 2013 04:46am EDT 

Cougar Metals NL announced that its non-renounceable entitlement issue of one fully paid ordinary share in the Company for every two shares or two contributing shares (being a share which has an amount unpaid of AUD 0.124) held by eligible shareholders on the record date of April 12, 2013 at an issue price of AUD 0.01 per share to raise up to AUD 2,328,184 (Rights Issue) closed on May 7, 2013.  Full Article

Cougar Metals NL Announces Rights Issue
Wednesday, 3 Apr 2013 07:03pm EDT 

Cougar Metals NL announced that it is undertaking a non-renounceable entitlement issue of one fully paid ordinary share in the Company for every two Shares or two contributing shares (being a Share which has an amount unpaid of 12.4 cents) (Contributing Share) held by eligible shareholders on the record date of April 12, 2013 at an issue price of one cent per Share to raise up to $2,328,184. A significant proportion of the funds raised pursuant to the Rights Issue are planned to be applied to advance the Shoal Lake Gold Project in Ontario, Canada. Approximately $644,777. The Rights Issue is partially underwritten up to the amount of $1,950,000 by Marcia Swick, the spouse of Managing Director Randal Swick.  Full Article

Cougar Metals NL's Subsidiary Receives Drilling Services Contract
Tuesday, 2 Apr 2013 08:07pm EDT 

Cougar Metals NL announced that its wholly owned subsidiary Geologica Sondagens Ltda has been formally awarded a drilling services contract in Brazil commencing immediately. Under the arrangement, Geologica will complete 12,000 metres of air-core drilling and 2,500 metres of surface diamond drilling. The work program will take place in Mato Grosso and is anticipated to commence in early April 2013.  Full Article

Cougar Metals NL Completes Option Agreement with Kenora Prospectors & Miners, Limited
Monday, 4 Feb 2013 08:36pm EST 

Cougar Metals NL announced the execution of an Option Agreement with Kenora Prospectors & Miners, Limited (KPM) to acquire a 51% interest in it’s Shoal Lake gold project located in the Province of Ontario, Canada (Project). The Project has a historical exploration data and is comprised of 6.5 km in patented claims encompassing two past gold producers (circa 1900s) and several gold occurrences describing at least 3 interpreted gold bearing trends from 13 vein structures. The Project is located 15 km south of the Trans-Canada highway, 40km from the town of Kenora and 150km from the city of Winnipeg, Manitoba. Gold in the project area was first discovered in 1880’s resulting in the development of two mines on the property. At that time the area represented part of the premier gold region of Ontario.  Full Article

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