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Cosmos Exploration Limited

ASX Code

C1X

Sector

Materials

Investor Centre

https://www.cosmosx.com.au/about-cosmos-exploration

Website

https://www.cosmosx.com.au/

About

Cosmos Exploration Pty Ltd (to be renamed 'Cosmos Exploration Limited') (Cosmos) was incorporated on 22 March 2021 for the purpose of spinning-out the Orange East Project and Byro East Project (together, the Spin-out Projects). Cosmos is a wholly owned subsidiary of RareX.

Cosmos and RareX propose to enter into a demerger implementation deed (DID), pursuant to which Cosmos will issue RareX 10,000,000 fully paid ordinary shares in Cosmos (Consideration Shares) in consideration for the Spin-out Projects (Spin-out).

Pursuant to the DID, RareX will retain a 25% free carry interest in the Orange East Project until completion of a Bankable Feasibility Study. In addition to the Consideration Shares, Cosmos will pay RareX $30,000 in reimbursement of expenditure incurred on the Byro East Project, and $50,000 in reimbursement of expenditure incurred on the Orange East Project.

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News

Cosmos Exploration (ASX: C1X) - Webinar Presentation