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C29 Metals Limited (ASX:C29)

ALERT: Price-sensitive ASX Announcement for C29
Current share price for C29 : $0.013 -0.007 (-35%)+
Announcement
Release
2 Jul 2026 9:19AM
Price at Release
$0.020
Full Release
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Summary
C29 Metals Limited announced the termination of the Acquisition Agreement with Cancun Gold Pty Ltd due to unsatisfactory due diligence findings concerning the Kopermyn tenements in Namibia. Consequently, the company will not proceed with Tranche 2 of its previously announced capital raising, and funds will be returned to participants. The company will also not move forward with several resolutions related to security issues discussed in a recent General Meeting. C29 will continue exploring opportunities with its existing Australian assets.
Key Points
  • Termination of the Acquisition Agreement with Cancun Gold Pty Ltd.
  • Due diligence findings in Namibia were unsatisfactory.
  • Cancellation of Tranche 2 of the capital raising initiative.
  • Return of funds to Tranche 2 Placement Shares participants.
  • Non-progression of certain security-related resolutions from the General Meeting.
  • Focus on exploration opportunities within existing Australian assets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.