Prospectus Lodged for Us$40 Million Tanzanian Note Issue

PROSPECTUS LODGED FOR US$40 MILLION TANZANIAN NOTE ISSUE

The draft prospectus for the US$40 million Note Issue will be lodged with the Tanzanian Capital Markets and Securities Authority and the Dar es Salaam Stock Exchange today.

Tanzanian-focused flake graphite development company Volt Resources Limited (ASX: VRC) (“Volt” or “the Company”) is pleased to advise that the draft prospectus for the US$40 million Note Issue1 will be lodged with the Tanzanian Capital Markets and Securities Authority (CMSA) and the Dar es Salaam Stock Exchange (DES) today.

Following lodgement, the prospectus will be reviewed by the CMSA and the DSE.

Once approved for distribution, the prospectus will be printed and forwarded to potential investors in Tanzania, Uganda and Kenya.

Volt is undertaking the Note Issue in partnership with highly experienced, specialist investment bank Exotix Capital (“Exotix”). As previously advised (see ASX announcement dated 26 February 2018), Orbit Securities (“Orbit”) has been appointed as Co-Lead Advisor and Placing Broker for the Tanzanian Note Issue alongside Exotix.

Funds raised from the completion of the Note Issue will be deployed towards the Stage 1 development of the Bunyu Graphite Project, targeting the production of ca. 20,000tpa of high-quality graphite products.

Further update on the funding process will be provided to shareholders in due course.

For and on behalf of Volt Resources Limited

Trevor Matthews
Chief Executive Officer

 

1 Previously referred to as a Bond Issue, the term Note is preferred in the East African debt markets. The Note Issue has identical terms to those previously disclosed as a Bond Issue. Refer ASX announcement 14 December 2017.


FOR PERSONAL USE ONLY
For further information please contact:

Trevor Matthews – Chief Executive Officer
Tel: +61 8 9486 7788