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4DS MEMORY LIMITED — Capital/Financing Update 2014
Jan 23, 2014
64258_rns_2014-01-23_166264c0-7878-428e-a10f-615b8874eddd.pdf
Capital/Financing Update
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ASX: FRY
24 January 2014
CLOSE OF NON-RENOUNCEABLE RIGHTS ISSUE
Fitzroy Resources Limited advises that its Non-Renounceable Rights Issue (“Rights Issue”) offered on the basis of two new Shares for every five Shares held, each at an issue price of $0.035, has now closed. Applications for 16,547,294 Shares for a total of $579,155 were received from shareholders under the Offer representing an acceptance level of 56.3%. The Directors will now place the shortfall of 12,852,701 Shares for $449,845 through its underwriters, Argonaut Capital Limited and Forrest Capital Pty Ltd.
The Directors expect that this shortfall placement will be concluded shortly.
The holding statements for the new Shares are expected to be sent on 30 January 2014.
Funds raised from the Rights Issue will be used to progress the Company’s projects including the recently acquired coking coal assets in the USA.
The Company would like to thank all shareholders who participated in the Rights Issue for their ongoing support of the Company’s activities.
For further information contact:
Mr Benjamin Lane Mr Simon Robertson Chief Executive Officer Company Secretary +61 8 9481 7111 +61 8 9481 7111
About Fitzroy Resources
| Capital Structure | |||
|---|---|---|---|
| Share Code | ASX: FRY | ||
| Shares on Issue | 73.5 Million | ||
| Options | 6 Million | ||
| Performance Shares on issue | 20 Million | ||
| Directors and Management | Projects | ||
| Tom Henderson,Chairman | Emmaus: | Rookwood: | |
| Will Dix,Director | Hard Coking Coal Property | VHMS copper/gold prospect | |
| Ric Vittino,Director | West Virginia, USA | 70km NW of Rockhampton, Qld | |
| Russell Lynton-Brown**, Director** | 100km S of Charleston, WV | Glentanna: | |
| Blackstone: | VHMS copper/gold prospect | ||
| Benjamin Lane**, Chief Executive** | Officer | Hard Coking Coal Property | 140km SW of Brisbane, Qld |
| Simon Robertson,Company Secretary | West Virginia, USA100km S of Charleston, WV |
Fitzroy Resources Limited Level 1, 35 Havelock Street PO Box 839 T +61 8 9481 7111 E [email protected] West Perth WA 6005 West Perth WA 6872 F +61 8 9320 7501 W www.fritzroyresources.com.au
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Fitzroy Resources Ltd is an Australian based coal development company, with two hard coking coal projects in West Virginia, USA.
Fitzroy’s main focus is to explore the coal potential of the Emmaus and Blackstone projects for hard coking coal and to rapidly develop into a producer of hard coking coal to the US domestic and export markets.
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FIGURE 1 – LOCATION OF EMMAUS AND BLACKSTONE
Fitzroy also owns the Rookwood and Glentanna exploration tenements in Queensland, Australia. Rookwood contains significant potential for the discovery of substantial VHMS copper/gold deposits beyond the existing resource.
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