Key Developments: Caravel Minerals Ltd (CVV.AX)

CVV.AX on Australia Stock Exchange

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

Caravel Minerals Ltd Announces Close Of Non-Renounceable Rights Issue
Thursday, 20 Jun 2013 11:59pm EDT 

Caravel Minerals Ltd announced that Non-Renounceable Rights Issue (Rights Issue) offered on the basis of one new Share for every three Shares held, each at an issue price of $0.015, together with one free attaching Option exercisable at $0.035 on or before May 31, 2016 for each three new Shares issued has now closed. Applications for 7,662,862 Shares were received from shareholders under the Offer. The Rights Issue was under subscribed by 120,119,674 Shares. Additional applications for Shortfall Shares were received from shareholders for 8,118,938 Shares. Arrangements are now being made with Cygnet Capital Pty Ltd, which has underwritten $1.46 million of the Rights Issue. The proceeds of the Rights Issue will be used to underpin exploration programs on Caravel’s prospective portfolio of copper, moly and gold exploration projects in Western Australia and Queensland.  Full Article

Caravel Minerals Ltd Progresses Disposal Of Non-Core Meekatharra District Tenements In WA
Monday, 17 Jun 2013 06:29pm EDT 

Caravel Minerals Ltd announced that it has advanced the disposal of its non-core mineral exploration assets in the Meekatharra district in WA, with sales agreements now in place for the majority of these projects. These long held “Silver Swan” tenements were earmarked for disposal in 2012 and their sale and/or surrender enables Caravel to focus on its recently acquired tenements from Kingsgate Consolidated, including its flagship Calingiri copper-molybdenum project and Bryah Basin copper-gold project in WA, and its Wynberg project in Queensland.  Full Article

Caravel Minerals Ltd Announces AUD 1.9 Million Rights Issue
Wednesday, 8 May 2013 07:39pm EDT 

Caravel Minerals Ltd announced that it will undertake a one-for-three rights issue at AUD 0.015 a share with a one-for-one free attaching option exercisable at AUD 0.035 to raise up to AUD 1.9 million. Cygnet Capital will underwrite AUD 1.46 million of the issue. The funds will be used primarily to advance the exploration programs planned for Caravel's three priority projects: the Calingiri and Bryah copper-gold projects, both of which are located in WA, and the Wynberg gold project in Queensland.  Full Article

Caravel Minerals Ltd Appoints Chief Financial Officer
Monday, 29 Apr 2013 03:14am EDT 

Caravel Minerals Ltd announced the appointment of Mr. Rowen Colman as the Company's Chief Financial Officer.  Full Article

Caravel Minerals Ltd Completes Acquisition Of QLD And WA Tenements From Kingsgate Consolidated Limited
Wednesday, 27 Mar 2013 05:31pm EDT 

Caravel Minerals Ltd announced that it has completed the acquisition of a package of 46 mineral tenements (35 granted tenements, 6 applications and 5 JV’s) in Queensland and Western Australia from Kingsgate Consolidated Limited. The total consideration paid to Kingsgate included 135,000,000 fully paid ordinary shares in the issued capital of Caravel and 20,000,000 unlisted options to acquire Caravel shares exercisable at $0.10 on or before the date that is three years from the date of issue and otherwise on the terms and conditions to be agreed. Kingsgate is restricted for a period of 18 months from disposing of any of the share and option consideration.  Full Article

Kingsgate Consolidated Ltd Signs Binding Memorandum Of Understanding With Caravel Minerals Limited
Tuesday, 22 Jan 2013 07:38pm EST 

Kingsgate Consolidated Ltd announced the signing of a Binding Memorandum of Understanding with Caravel Minerals Limited for the sale of Kingsgate’s Western Australian and Queensland exploration assets to Caravel. The package is principally comprised of exploration areas that were acquired with the acquisition of Dominion Mining Ltd in 2011. Consideration for the sale will be shares in Caravel, with Kingsgate becoming the largest shareholder in Caravel once the transaction is completed. The principal commercial terms of the transaction outlined in the MOU includes; 135,000,000 fully paid ordinary shares in the issued capital of Caravel; and 20,000,000 unlisted options to acquire Caravel shares exercisable at AUD 0.10 on or before 3 years from the date of issue and otherwise on the terms and conditions to be agreed.  Full Article

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