ASX ANNOUNCEMENT 5 September 2016
Despatch of Share Purchase Plan Offer Booklet
On 29 August 2016, Marmota Energy Limited (ASX:MEU) announced its intention to offer a Share Purchase Plan to eligible shareholders. In accordance with Listing Rule 3.17, attached are copies of the Chairman's Letter and Share Purchase Plan Offer Booklet (including Application Form) as despatched to shareholders today.
For further information, please contact:
Marmota Energy Limited
David Williams Managing Director Email: [email protected]
Unit 6
79-81 Brighton Road 2016
Glenelg SA 5045
ABN: 38 119 270 816
T: (08) 8294 0899
F: (08) 8376 8633
www.marmotaenergy.com.au
About Marmota Energy Limited
Marmota Energy Limited (ASX: MEU) is a South Australian mining exploration company, focused on gold, copper and uranium. Gold exploration is centred on the Company's dominant tenement holding in the highly prospective and significantly underexplored Gawler Craton, near the Challenger gold mine, in the Woomera Prohibited Defence Area. The Company's cornerstone copper project is based at the Melton project on the Yorke Peninsula. The Company's largest uranium project is at Junction Dam adjacent to the Honeymoon mine.
For more information, please visit: www.marmotaenergy.com.au
5 September 2016
Dear Fellow Shareholder
Share Purchase Plan
An invitation to partake in Marmota 2.0
We have been busy - very busy - working on Marmota 2.0.
Last year, we introduced a new re-energised Board, and slashed expenditure on administration. Expenditure on admin has halved1. Money is targeted into exploration (not admin). We are doing more, and spending less.
In 2016, we now also have:
-
An all new Exploration team
As of March 2016, we have changed our entire internal exploration team. The new team is headed up by Dr Kevin Wills who designed the programs that led to the discovery of the Challenger gold mine.
-
New Tenements around the Challenger Gold mine
Through a series of judicious acquisitions, Marmota has significantly expanded its dominant tenement holding around the Challenger Gold mine. Our ground is significantly unexplored with enormous potential.
-
New cornerstone investors - from Australia and the USA
-
A multi-commodity focus … and a new name coming
In June, Marmota produced its first Exploration Target for our Champion Copper Prospect on the Yorke Peninsula reported in accordance with the JORC Code (2012). The next drilling program at Champion has already been designed, and that program is expected to bring about Marmota's first copper resource reported in accordance with the JORC Code (2012). At the forthcoming AGM, subject to shareholder approval, we will tweak our name to reflect our multi- commodity exposure: "Marmota Energy Ltd" will be renamed "Marmota Ltd" reflecting the company's substantial exposure to: gold, copper and uranium.
1 2016 Financial year compared to 2015 Financial Year.
-
We are re-booting our Gold exploration program
Under the direction of Dr Wills, Marmota is re-booting our gold exploration program around the Challenger gold mine. The Challenger mine has already produced over one million ounces of gold (i.e. over A$1.7 billion at current prices).
We are implementing a new 'taskforce' approach to provide a focused and systematic approach to our gold exploration.
Marmota now already has multiple targets of interest, and as we work through our existing and newly-acquired tenements, the pool gets richer and more interesting.
As part of that new program, drilling will start this week at our 100% owned Aurora Tank gold prospect.
Share Purchase Plan (SPP)
TODAY, we are offering eligible fellow ordinary shareholders the opportunity to purchase shares at a discounted price of 1.5c per share, which is a 17% discount to the closing share price on the day before the SPP was announced (without any brokerage or transactions costs). Eligible shareholders can apply for $1000, $2500, $5000, $7500, $10000, up to a maximum of $15000 of Marmota shares (all subject to scale-back).
Please note: The SPP is intended to raise $300,000 (subject to discretion). This is a small amount and thus eligible offers may be scaled back.
Please note that in the event that the offer is oversubscribed, the director's reserve the right to SCALE BACK all offers. Please do take this into account. Please do carefully read the attached booklet which provides the detailed terms and conditions.
I feel very confident that exciting times lie ahead, and most warmly invite you to share in Marmota's new future.
Dr Colin Rose
Chairman
Marmota Energy Limited
Important Information
The offer of New Shares under the SPP is made in accordance with ASIC Class Order 09/425 which grants relief from the requirement to issue a disclosure document for the SPP. The attached booklet contains further information about the SPP. The Board recommends you read the booklet carefully. Please note that the booklet does not provide financial advice and has been prepared without taking account of any person's investment objectives, financial situation or particular needs.
SPP Terms and Conditions
Share Purchase Plan Booklet
Marmota Energy Limited
ACN 119 270 816
These materials do not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or to, or for the account of "U.S. persons" (as defined in Regulation S under the U.S Securities Act of 1993, as amended ("U.S. Securities Act")) (U.S Persons). These materials have been prepared for publication in Australia and New Zealand only and may not be sent or disseminated in, distributed or released, directly or indirectly, in the United States or to any U.S. Person in any place, or elsewhere. The New Shares have not been, and will not be, registered under the U.S. Securities Act or under the securities laws of any state or other jurisdiction of the United States, and may not be offered, sold or otherwise transferred in the United States or to, or for the account of any US Person except in compliance with the registration requirements of the U.S. Securities Act and any other applicable state securities laws or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and applicable state securities laws. The New Shares may only be offered and sold outside the United States in "offshore transactions" (as defined in Regulation S under the U.S. Securities Act) in compliance with the U.S. Securities Act and laws of the jurisdiction in which the New Shares are offered and sold
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES