Tanzanian-focused flake graphite development company Volt Resources Limited (ASX: VRC) (“Volt” or “the Company”) is pleased to advise that it has received the final formal approval from the Dar es Salaam Stock Exchange PLC to list its Tanzanian Note Issue on the Dar es Salaam Stock Exchange (“DSE”).
This approval completes a key phase of the funding process, and Volt’s management remains confident of receiving final approval from the Tanzanian Capital Markets and Securities Authority (“CMSA”) to proceed with the Note Offer in the near-term.
As previously advised, funds raised will be deployed towards the Stage 1 development of the Bunyu Graphite Project. A Definitive Feasibility Study (“DFS”) on the large-scale Stage 2 Expansion at Bunyu will also be undertaken concurrently with the Stage 1 development.
Volt has already received key development approvals covering the respective Stage 1 and Stage 2 developments of the Bunyu Graphite Project (see ASX release dated 22nd October 2018).
Volt looks forward to providing further updates on the CMSA approval process in due course.
For and on behalf of Volt Resources Limited
Trevor Matthews
Chief Executive Officer
FOR PERSONAL USE ONLY
For further information please contact:
Trevor Matthews – Chief Executive Officer
Tel: +61 8 9486 7788