$405,000 Raising via placement and issue of convertible notes

The Board of Cazaly Resources Limited (ASX: CAZ, “Cazaly”) is pleased to advise completion of a book build for a placement of 6,833,334 shares at an issue price of $0.03 per Share to raise $205,000 (“Placement”). A free attaching Option will be issued on the basis of one Option for every two Shares subscribed for. The Placement will be made to a range of sophisticated investors in accordance with section 708 of the Australian Corporations Act 2001 (C’wth).

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