CERVANTES CORPORATION LIMITED(CVS)

The suspension of trading in the securities of Cervantes Corporation Limited will be lifted from the commencement of trading on Friday, 4 June 2021, following completion of CVS's recapitalisation.

The company releases the following: Pre-reinstatement disclosure, Distribution Schedule and Top 20 - FPO and Top 20 and Distribution Schedule - Options.

The securities of Cervantes Corporation Limited are expected to be reinstated to Official Quotation at the commencement of trading at 10:02:15 am AEST on Friday, 4 June 2021. CVS raised $3,366,512 pursuant to the entitlement offer and placements under its prospectus dated 16 April 2021, with respect to the entitlement offer the issue of 268,004,155 shares at an issue price of $0.003 per share and 134,002,075 free attaching quoted options exercisable at $0.01 on or before 20 May 2024 and with respect to the placements by the issue of 750,000,000 shares at an issue price of $0.003 per share and 375,000,000 free attaching quoted options exercisable at $0.01 on or before 20 May 2024 and 625,000,000 quoted options at an issue price of $0.0005 exercisable at $0.01 on or before 20 May 2024.

The company successfully completed the capital raisings announced on 1 April 2021, raising a total of $3,366,512 (before costs).

The Company confirms that the Entitlement Issue closed at 5:00pm (WST) on 17th May 2021. Pursuant to the entitlement and acceptance form and Prospectus, valid application forms and cheques or BPAY payment, must have been received no later than 5:00pm (WST) 17th May 2021 to be accepted.

The company releases the results of its meeting.

The company lodges its Quarterly Activities and Cashflow Report.

The prospectus and entitlemetn and acceptance forms were despatched to eligible shareholders.

The company releases a letter to its ineligible shareholders in relation to its non-renounceable entitlement issue.

The company releases its Trading Policy.

The company releases a notice of Proposed issue of Securities.

The company releases a prospectus for a pro-rata non-renounceable entitlement issue of one (1) Share for every two (2) Shares held by those Shareholders registered at the Record Date at an issue price of $0.003 per Share, together with one (1) free attaching Option for every two (2) Shares applied for and issued, to raise up to $804,012; an offer of 750,000,000 Shares at an issue price of $0.003 per Share to raise $2,250,000, together with one (1) free attaching Option for every two (2) Shares subscribed; and an offer of 625,000,000 Options at a price of $0.0005 per Option to raise $312,500.

The company releases a letter to its shareholders in relation to the extraordinary general meeting.

The company will hold a general meeting at 10:00am (WST) on 17 May 2021 at The Offices of Steinepreis Paganin Level 4, The Read Buildings 16 Milligan Street Perth WA 6000.

The company releases a supplementary prospectus that supplements and is to be read with the prospectus dated 15 January 2021.

In order to recapitalise and strengthen its balance sheet, the company is proposing to undertake a series of equity raisings. Upon completion of the capital raisings, the company will have raised a total of $3,366,512.

The company lodges its Half Year Accounts.

The Company advises that it will be extending the closing date of the Rights Issue to 5pm (WST) on 1 April 2021.

Verification and composite resplit assays from recent RC drilling at Primrose Gold Project received. Results verify original samples and provide focus in intercepts previously assayed with 4 metre composites. Cervantes is undertaking a capital raising through a non-renounceable entitlement issue, the details of which are obtainable from our website including the prospectus and details on Shortfall Applications. The board is pleased with the progress of the capital raising, considering the Gold price had a sudden drop immediately after the raising was announced on the 15th January 2021 which has in the short term affected all gold companies.

The company lodges its Quarterly Activities and Cashflow Report.

The prospectus, together with personalised entitlement and acceptance forms, have today been despatched to eligible shareholders. Letters to eligible and ineligible shareholders have today been despatched.

Eligible and Ineligible Letters despatched to Shareholders.

The company releases a notice of Proposed issue of Securities - CVS.

The company issues a prospectus for a pro rata non-renounceable entitlement issue of approximately 268,004,155 Shares at an issue price of $0.008 per Share to Eligible Shareholders on the basis of one (1) Share for every two (2) Shares held as at the Record Date, together with one (1) free unlisted new Option for each two (2) new Shares issued exercisable at $0.015 on or before 28 February 2023. The Offer will raise up to approximately $2,144,033 (assuming maximum subscription based on the total number of Shares on issue as at the date of this Prospectus and assuming no Options are exercised prior to the Record Date).

The company will undertake a non-renounceable entitlement issue of up to 268,004,155 shares at an issue price of $0.008 per share on the basis of 1 share for every 2 shares held at the record date, together with 1 free unlisted new option for every 2 new shares issued exercisable at $0.015 on or before 28 February 2023 to raise up to approximately $2.144 million before costs. The offer is open to all shareholders who have a registered address within Australia or New Zealand and who hold shares at 7pm (EDST) on 21 January 2021. A shortfall offer is also being made for shares and options not subscribed under the offer, to which all eligible shareholders, and general investors in Australia, can subscribe.

Drilling for gold was successfully completed at Primrose. Verification drilling of the Blue Heaven Exploration Target returns exciting geological indictors. Shallow drilling completed in historic Pansy Pit to test for near-surface gold mineralisation. Small Mining Proposal application commenced for the Pansy Pit area. Reconnaissance drilling of a historic MMI surface geochemistry gold anomaly completed.

The company releases an Appendix 3G - Issue of Options.

The company releases the results of its meeting.

The company lodges its Quarterly Activities and Cashflow Report.

The company lodges its Annual Report to shareholders.

The company's AGM will be held at 2.00pm (WST) on 27 November 2020 at Royal Perth Golf Club, Labouchere Road, South Perth WA 6151.

A drilling programme has commenced at the Primrose Project at Paynes Find. The campaign will entail 20 to 34 RC holes for 500 to 800m, depending on results. Assays are not expected for at least 6 weeks, given the activity currently being experienced in the gold exploration industry. Cervantes proposes to use the results of this drilling to assess near term exploitation of any shallow mineralisation defined and underpin discussions with third party toll treatment mills.

The company releases its Appendix 4G & Corporate Governance Statement.

The company lodges its Full Year Statutory Accounts.

The company lodges its Quarterly Activities and Cashflow Report.

Existing exploration data audited and validated. First pass ore block modelling and notional pit design completed on verified data. An exploration target has been estimated on the Prospect at Blue Heaven Prospect in the Primrose Gold Project. The potential quantity and grade of an Exploration Target estimate is conceptual in nature, as there has been insufficient reliable exploration data to estimate a Mineral Resource and that it is uncertain if further exploration will result in the estimation of a Mineral Resource. The target is based on actual exploration results. Potential exists for mineralisation down dip and along strike of the identified target area. Modelling has highlighted areas requiring additional drilling and validation. Initial work started towards submitting a Mining Proposal.

The settlement of the Albury Heath project sale to Big Bell Gold Operations has taken place today. Cervantes Corporation has today received 330,313 Westgold Resources Limited fully paid ordinary shares to the value of $700,000 as part consideration for the Albury Heath project.

WGX releases an Appendix 2A.

The company lodges its Quaterly Activities and Cashflow Report.

After a period of negotiations, the company has agreed to sell the Albury Heath project in Meekatharra to Big Bell Gold Operations Pty Ltd, a wholly owned subsidiary of Westgold Resources Limited.

The company is ensuring that only two directors at any one time are in the office, and the prescribed distance between all parties comply with all Government and other directives. The main office building within the complex has been closed to visitors. The company managed to incorporate some field work prior to the suspension of travel. The company struggles to raise equity while the suspension of shares continue, but the board continues to have constructive discussions with a number of parties regarding sale of some projects or part thereof, including possible joint ventures and other funding arrangements, albeit under less than ideal circumstances from the overhang of COVID-19, and the suspension of shares. Cervantes had been approached a number of times for a joint venture on the "ABBOTTS" Meekatharra project, contained within a strategically located exploration licence, a short distance from the Meekatharra township. As reluctant as the company were to let go of this asset, because of the continued suspension of the company and the need for funding, the board agreed to accept cash for the Exploration Licence of $30,000 plus a 1% net Smelter Royalty from Ora Gold Ltd.

The company lodges its Half Yearly Report and Accounts.

The company lodges its Quarterly Activity and Cashflow Report.

The company releases its Whistleblowers Policy.

The company releases the results of its meeting.

The company lodges its Quarterly Activities and Cashflow Report.

The company lodges its Annual Report to shareholders.

The company's AGM will be held at 2.00pm (WST) on 29 November 2019 at Royal Perth Golf Club, Labouchere Road, South Perth WA 6151.

The company releases its Appendix 4G & Corporate Governance Statement.

The company lodges its Full Year Statutory Accounts.

New gold zone identified in an old field. Copper zone recognized as potential drilling target. High occurrence of lanthanum may be pathfinder to REE target.

The company releases the results of its meeting.

Three high priority gold targets are identified from a soil survey undertaken on specific target areas. Areas were chosen from an interpretation of aeromagnetic data that highlighted similar magnetic settings to the Albury Heath Mine area. Three anomalous copper and nickel zones also defined. The survey used the Mobile ion method.

The company lodges its Quarterly Activities and Cashflow report.

The company has been granted a waiver of ASX Listing Rule 10.1 allowing the company without obtaining shareholder aproval to grant the security in favor of NYS to secure repayment of the loan and debts and any further loan amounts up to an aggregate cap of $350,000 sunject to certain conditions. The company plans to repay the dbts and loan and any other funds lent by NYS, together with accrued interest, by the date the secured funds must be repaid, which is currnetly 5 July 2021, and will immediately seek to have the security discharged. The company has agreed that amounts owed to NYS will accrue interest at 7% pa from 5 January 2020 with interest repayable monthly unless capitalised, with the outstanding principal repayable on the earlier of 5 July 2021 and the date the company has sufficient funds to repay the amounts owed.

The company releases a notice of general meeting. The meeting will be held at 2.30pm (WST) on Friday 9th August 2019 at Royal Perth Golf Club, Labouchere Road, South Perth WA 6151.

The Abbotts Gold Project is centred on an underexplored segment of the Abbotts Greenstone Belt. Gold deposits occur throughout the belt - none yet discovered in the poorly explored section of the belt Cervantes controls. The Abbotts Greenstone Belt is yet to deliver a world class gold deposit typical of neighbouring belts. Structures running through the Project from the south and south-west host gold deposits on adjacent ground. Recently completed surface soil geochemistry highlights the prospectivity of these structures on Cervantes' tenement.

The company acknowledges the request for repayment of a loan created and approved on 9 August 2018. The request for payment is in accordance with the loan terms as it currently stand and now sets the repayment of the $900,000 date as the 8 June 2021. The repayment date of the loan was determined as being 2 years from the request for repayment which has now been implemented as a result of Cervantes alerting GLV to that clause, and no interim payments are required unless Cervantes voluntarily elects to do so in accordance with the agreement.

The suspension of the company's securities remains in place.

Global Vanadium has given written notice to Cervantes that all amounts payable under the loan agreement must be repaid either on or before 8 June 2021 or on or before 8 June 2020. The Global Vanadium board is reviewing and considering the terms of the amendment agreement and the loan agreement and the company's basis for entering into the amendment agreement.

The securities of Cervantes Corporation Ltd will be suspended from quotation under Listing Rule 17.3, as ASX has determined that CVS's financial condition is not adequate to warrant the continued quotation of its securities and therefore it is in breach of Listing Rule 12.2. The suspension will continue until CVS is able to demonstrate compliance with Listing Rule 12.2.

The suspension of trading in the securities of Cervantes Corporation Ltd will be lifted immediately following the release by the Company of an announcement regarding the assessment of initial drilling results.

The first batch of assays from samples collected during the recent RC drilling campaign at Albury Heath have been received. Twenty nine RC holes for 1,866m were completed. Of the total of 2,009 samples collected, 1,356 have now been received.

The securities of Cervantes Corporation Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding initial drilling results.

name changed from Cervantes Seafood Limited