TAWANA RESOURCES NL - Demerger ImplementedRelease Date: 18/07/2018 08:40:00 Code(s): TAW PDF(s):
Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
JSE ISIN: AU0000TAWDA9
Share code on the Australian Securities Exchange Limited: TAW
ASX ISIN: AU000000TAW7
(“the Company” or “Tawana”)
Tawana Resources NL (ASX:TAW) (“Tawana” or the “Company”) is pleased to announce
that it today completed the demerger of 85% of the shares in Cowan Lithium Limited
(“Cowan Lithium”) holding the Cowan, Yallari and Mofe Creek assets.
Shares in Cowan Lithium have been distributed to eligible Tawana shareholders today.
Share certificates will be dispatched to eligible shareholders on 23 July 2018.
As previously announced, Tawana retained 15% of the total issued shares in Cowan
Tawana will also hold Cowan Lithium shares that would have been issued to ineligible
overseas shareholders (including SA Holders) pending a liquidity opportunity. Such
shareholders should refer to sections 3.10 and 3.12 of the Tawana Notice of Meeting
dated 1 June 2018 for further information.
The Company will provide a further update once a class ruling from the Australian
Taxation Office has been obtained, to confirm the taxation outcome of the demerger.
Cowan Lithium’s share registry is managed by Computershare Investor Services
(Computershare). Cowan Lithium shareholders should contact Computershare with any
questions regarding their shareholding on:
- 1300 555 159 (within Australia)
- +61 3 9415 4062 (outside Australia)
For further information regarding Cowan Lithium, please refer to www.cowanlithium.com.au
Tawana Resources NL
18 July 2018
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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