Lowell Resources Fund Product Disclosure Statements August 2022

Page 45

7.

INVESTING IN THE FUND

7.1

The Offer

The Offer seek to raise additional funds for investment in the resources sector. 7.2

Use of funds Minimum subscription ($0) -

Maximum Subscription ($13.2m) $13,208,226

Less expenses of the offer

($30,000)

($721,000)

Proceeds available for investments and working capital

($30,000)

12,487,226

Proceeds from offer

7.3

Purchasing Units On-Market

Investors can invest in the Fund by purchasing Units on the ASX market through a stockbroker or share trading account. The purchase of Units on-market is settled through the CHESS settlement service. Investors will not need to complete an application form but will need to be a client or a stockbroker or have a share trading account. The cost of investing in the Fund on-market will be the price at which you purchase Units on the ASX market, plus any brokerage fees you incur. Investors can purchase additional Units on the ASX market at any time, through a stockbroker or share trading account. Investors do not have a right to a cooling off period for Units purchased on the ASX market. 7.4

Selling Units On-Market

Holders can sell Units on the ASX market through a stockbroker or share trading account. Proceeds from any sale of Units will be delivered through the ASX CHESS settlement service.

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Lowell Resources Fund Product Disclosure Statements August 2022 by Cremorne Capital - Issuu