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Minbos Resources Limited - Renounceable Entitlement Offer Close of Entitlement Offer and Subscriptions

July 30, 2014



ENP Newswire - 30 July 2014

Release date- 29072014 - Minbos Resources Limited (ASX: MNB) advises that its pro rata renounceable entitlement offer of two fully paid ordinary shares in the capital of the Company for every one Share held by eligible shareholders on 18 June 2014 at an issue price of $0.003 per Share to raise up to approximately $1,752,894 closed at 5.00pm on 23 July 2014.

The Company received applications to subscribe for 104,786,468 new Shares from eligible shareholders under the Offer to raise approximately $314,359. This represents approximately 36% of all Shares offered under the Offer.

The Company advises that the results of the Offer are as follows:

Total number of Shares offered under the Offer 551,906,078 Shares

Total number of Shares applied for by eligible shareholders under the Offer 104,786,468 Shares

Shortfall 447,119,610 Shares

104,786,468 new Shares will be issued, with trading of the new Shares expected to commence on 31 July 2014.

The Company has received applications regarding the shortfall and will consider the issue if the shortfall in due course.

The Board would like to thank shareholders for their continued support for Minbos.

Contact:

Paige Exley

Company Secretary

Minbos Resources Limited

Tel: +61 (0) 8 6102 7724

Email: paige@eventide.com.au

About Minbos

Minbos Resources Limited (ASX: MNB) is an ASX-listed exploration and development company focused on phosphate ore within the Cabinda Province of Angola and the adjoining areas of the far western DRC. Through its subsidiaries and joint ventures, the Company is exploring over 400,000ha of highly prospective ground hosting phosphate ore.

Minbos is focusing on the development of the high grade Cacata project in Cabinda whilst growing its current resource base in incremental stages on the remaining deposits in Angola. The Company's strategy is to specifically target the exploration and development of low cost fertilizer based commodities in order to tap into the growing global demand for fertilisers. Phosphate is an essential component in certain agricultural fertilisers, with the market supported by the increasing global demand for food and bio-fuel products.


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Source: ENP Newswire


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