- Stock Exchange of Mauritius (SEM) approves Volt’s Note Listing on the Development and Enterprise Market (DEM)
- SEM investor roadshow and fund raising to commence in Q1 2020 – funding to be deployed towards Stage 1 development of Bunyu Graphite Project
- Volt continues to advance Dar es Salaam (DSE) Note Issue and Listing with ongoing discussions being held with Tanzanian Government Officials
Tanzanian-focused flake graphite developer Volt Resources Limited (ASX: VRC) (“Volt” or “the Company”) is pleased to advise that Volt Graphite Tanzania Plc’s (“VGT”) application for the listing of Notes has been approved by the Stock Exchange of Mauritius (“SEM”) listing committee.
VGT is undertaking a private placement of Notes that will be listed on the Development and Enterprise Market (“DEM”) of the SEM. This approval allows the Company and its advisors to finalise planning for VGT’s Note Issue roadshow. Further details on the approved Admission Document (Prospectus) and Note Issue details will be announced in the near future.
The Company can also report that progress continues to be made in respect to VGT’s proposed Tanzanian Note issue and listing on the Dar es Salaam Stock Exchange (“DSE”). Albeit that progress has been slow, recent discussions and further planned meetings with senior Tanzanian Government officials on matters to be agreed prior to a Note Issue approval provide some confidence in the process and the Company looks forward to providing further updates in due course.
Volt’s Chief Executive Officer, Trevor Matthews, commented:
“With the green light now received from the SEM we are looking forward to finalising our Note Issue roadshow planning and the commencement of the fund raising process. During this listing approval process we have worked closely with our advisors to establish a solid network of potential investors having generated significant interest as the first resources company to undertake a Note Issuance on the SEM.
“The Mauritian Stock Exchange offers strong access to a broad pool of investors spanning Mauritius, Europe, the Middle East and North America and I look forward to providing shareholders with further updates as this initial round of fund raising gets underway.”
This announcement is authorised for release by Volt’s Chief Executive Officer, Trevor Matthews.
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