Go Back Email this Link to a friend

TAWANA RESOURCES NL - Demerger Implemented

Release Date: 18/07/2018 08:40:00      Code(s): TAW       PDF(s):  
Demerger Implemented

Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
Share code on the Australian Securities Exchange Limited: TAW
(“the Company” or “Tawana”)

Demerger Implemented

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

Alexei Fedotov
Company Secretary
Tawana Resources NL

18 July 2018
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

Date: 18/07/2018 08:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2020 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.