Conico Ltd extends Rights Offer deadline

Conico Ltd (ASX: $CNJ) has announced the extension of the closing date for the current Pro-Rata Non-Renounceable Rights Offer (Rights Offer) by 4 business days until 5pm AWST on Friday 14th of June 2024. The extension is subject to the directors' right to change the dates and / or close the Rights Offer early.

Director's Commentary on Rights Offer Extension

The reason for the extension is the ongoing finalization of the wording of an announcement in respect of the Scoping Study completed in H2 2023, in collaboration with the Joint Venture partner in the Mt Thirsty Cobalt-Nickel Joint Venture (CNJ 50%; GSR 50%). The Joint Venture has been in discussions with the ASX and ASIC on the details of the draft Scoping Study announcement. We believe that all Conico shareholders should have the opportunity to consider the outcome of the Scoping Study before deciding whether or not to take up their respective entitlements under the Rights Offer. We are hopeful that the outstanding issue will be resolved shortly, at which time an announcement will be made on the Scoping Study.

Summary of Rights Offer Extension

Conico Ltd (ASX: $CNJ) has extended the closing date for the current Pro-Rata Non-Renounceable Rights Offer by 4 business days until 5pm AWST on Friday 14th of June 2024. The extension is due to the finalization of the wording of an announcement in respect of the Scoping Study completed in H2 2023, in collaboration with the Joint Venture partner in the Mt Thirsty Cobalt-Nickel Joint Venture (CNJ 50%; GSR 50%). The Joint Venture has been in discussions with the ASX and ASIC on the details of the draft Scoping Study announcement. Conico believes that all shareholders should have the opportunity to consider the outcome of the Scoping Study before deciding whether or not to take up their respective entitlements under the Rights Offer. The company is hopeful that the outstanding issue will be resolved shortly, at which time an announcement will be made on the Scoping Study.