Connected IO Limited (CIO) proposes acquisitions and capital raisings

Connected IO Limited (CIO) (ASX:CIO) has proposed to acquire 100% of the share capital in Namibia U308 and a 80% interest in 1 granted tenement and 2 tenement applications located in Namibia, as well as 100% legal and beneficial interest in 3 granted tenements located in Western Australia. The acquisitions are part of the company's new strategic direction within the minerals exploration industry. The company is also undertaking an entitlement offer and a placement offer to raise funds for its new business undertaking, including exploration activities on the acquired projects.

Executive Commentary on Proposed Acquisitions and Capital Raisings

The company is focused on expanding its mineral assets and exploring new opportunities in Namibia and Western Australia. The proposed acquisitions align with our strategic vision for growth and diversification. The capital raisings will provide the necessary funding to support our exploration activities and operational expansion. We are committed to ensuring transparency and compliance throughout this process.

Summary of Proposed Acquisitions and Capital Raisings

Connected IO Limited (CIO) is aiming to acquire mineral assets in Namibia and Western Australia through proposed acquisitions and capital raisings. The company seeks to expand its presence in the minerals exploration industry and has outlined its strategic direction for growth. The proposed capital raisings, including an entitlement offer and a placement offer, are intended to raise funds for exploration activities on the acquired projects. The company's focus on transparency and compliance underscores its commitment to responsible business practices.