28 Oct 2021

Centrex Successfully Completes $4m Share Placement

1 | P a g e ASX ANNOUNCEMENT – 28 OCTOBER 2021 CENTREX SUCCESSFULLY COMPLETES A $4 M SHARE PLACEMENT Highlights • Centrex Metals Ltd receive s firm binding commitments for a Share Placement to raise A $ 4M from sophisticated and professional investors • Net proceeds from the Placement will be principally used to advance the Company’s flagship Ardmore Rock Phosphate P roject Centrex Metals Ltd (ACN 0 96 298 7 52 ) (ASX: CXM ) ( CXM or the Company ) is pleased to announce that it has received binding commitments for a share placement of approximately 44.4 million new fully paid ordinary shares ( Shares ) from professional and sophisticated investors at an issue price of A $0.09 per share to raise A $ 4M ( Placement ) . The P lacement attracted strong demand from new professional and sophisticated investors , including certain existing holders of the Company . The Company’s Managing Director, Robert Mencel said “ We are pleased to receive firm commitments from new and certain existing shareholders who have recognised the value and potential of the Company’s flagship Ardmore Rock Phosphate Project . With this additional capital, we are now in a position to recruit key management and necessary techn ical staff required to progress the p roject , with it being one of the highest grade undeveloped rock phosphate project s in Australia at a time of buoyant prices for phosphate globally .” Use of F unds The funds raised from the Placement will be utilised to: • A dvance the Company’s Ardm ore R ock P hosphate P roject ; • Hi re key management and specialised technical personnel ; • Provide a c ash contingency to cover any p otential costs in curred resolving the dispute notice under the royalty deed with Southern Cross F ertilisers Pty Ltd ; and • A ssist with general w orking c apital . Placement Details The Placement will involve an allocation of 44,444,444 Shares (subject to any rounding) to sophisticated and professional investors at an issue price of $0.0 9 per share, raising a total of $ 4,000,000 (before costs) . The Placement will be issued pursuant to the Company’s available placement capacities in accordance with ASX Listing Rule 7.1 A ( 36,676,975 shares) and 7.1 ( 7 , 767,469 shares) . The Placement will settle on 2 | P a g e Wednesday 3 November 2021 and the Shares under the Placement will be issued on T hursday 4 November 2021. The issue price for the Placement represents a 14. 3 % discount to the last closing price prior to launch. Taylor Collison L imited acted as lead manager for the P lacement . This ASX announcement has been approved and authoris ed for release by the Board of the Company. For further information please contact: Robert Mencel Jonathan Lindh Managing Director Company Secretary Centrex Metals Limited Centrex Metals Limited Ph (08) 8213 3100 Ph (08) 8213 3100 For media enquiries, please contact: Grant Law Grant Law Public Relations Ph (61) 488 518 414 Email - grant@grantlaw.com.a u
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2022 Listcorp. ABN 60 166 140 307

Never miss news from Centrex Limited (ASX:CXM) when you join Listcorp.