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Caravel Minerals Ltd (CVV.AX)

CVV.AX on Australia Stock Exchange

0.06AUD
28 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Caravel Minerals Limited says successful placement completed farm-in approved & loan converted
Monday, 7 Sep 2015 07:00pm EDT 

Caravel Minerals Limited:Issued 67,285,719 shares and 33,642,860 attaching options exercisable at $0.013 on or before 31 January 2017 under Tranche 2 of a placement announced on 13 July 2015.Gross proceeds of $1,452,000 raised across both Tranches including $471,000 in Tranche 2.Funds raised from the Placement are being invested in the Company's flagship Calingiri Project in WA as part of a definitive Farm-In Agreement with FQM.  Full Article

Caravel Minerals to raise $1.45 mln through placement
Sunday, 12 Jul 2015 06:57pm EDT 

Caravel Minerals:Received commitments from investors to raise $1,451,940 through the issue of 207,420,009 shares at an issue price of $0.007.Subject to shareholder approval, investors participating in the Placement will be issued 1 free attaching unlisted option exercisable at $0.013 for each 2 shares issued.Funds raised will provide for additional working capital and to support and supplement the funds being invested in the Company's flagship Calingiri Project in WA as part of a definitive Farm-In Agreement with First Quantum Minerals Limited (FQM), announced on July 08.  Full Article

Caravel Minerals Ltd signs farm-in agreement with First Quantum Minerals Ltd on Calingiri project
Sunday, 31 May 2015 07:21pm EDT 

Caravel Minerals Ltd:Says that it has secured continued support of First Quantum Minerals, after signing farm-in agreement (FIA) for its flagship Calingiri Copper-Molybdenum Project in WA.Says under FIA, First Quantum Minerals has the right to contribute A$3.6 million to ongoing exploration activities to earn a 50.1 pct. interest in Calingiri Project.Says that Caravel will provide First Quantum Minerals with a first right of offer to increase their equity in Calingiri project after obtaining 50.1 pct. interest.  Full Article

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