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ACROW LIMITED — Capital/Financing Update 2013
Jan 22, 2013
64288_rns_2013-01-22_78b3aef5-c28d-4a0f-905f-314872c5622c.pdf
Capital/Financing Update
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23 January 2013
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Lodgement of Prospectus for A$85m Capital Raising
Noble Mineral Resources Limited (ASX: NMG) ("Noble" or the "Company") advises it has today lodged a prospectus with ASIC and the ASX in relation to the previously announced A$85m capital raising, which is to be conducted via the issue of A$0.12 listed convertible unsecured notes.
The capital raising includes a 1-for-1 non-renounceable entitlement offer to all existing Noble shareholders of approximately 666,397,952 convertible unsecured notes, to be issued at a price of A$0.12 per note, raising proceeds of approximately A$80m. The entitlement offer is fully underwritten by Resolute Mining Limited (ASX:RSG) (“Resolute”).
An additional A$5m will be raised via a placement to Resolute of an additional 41,935,381 convertible unsecured notes.
Managing Director Wayne Norris said the Company looked forward to completing the financing process and moving forward with development plans at the Bibiani Gold Project in Ghana.
“This is an important step towards securing the critical funds that Noble requires to complete the commissioning and ramp up of gold production at Bibiani. On behalf of the Noble Board I would like to thank our staff at Noble as well as our advisers, Ashurst and Rothschild, for all the hard work involved in bringing the financing process successfully to this point,” Mr Norris said.
Capital Raising Timetable
The following dates are indicative only and may be subject to change without notice:
| Key dates for the Offers | Date |
|---|---|
| Announcement of the Offers | 23 January 2013 |
| Lodgement Date (Prospectus lodged with ASIC and ASX and | 23 January 2013 |
| Appendix 3B lodged with ASX) | |
| Exposure Period begins | 23 January 2013 |
| Note: Applications for Convertible Unsecured Notes under the Prospectus will not be accepted by the | |
| Company during the Exposure Period. |
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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| Dispatch of notice to Optionholders | 23 January 2013 |
|---|---|
| Dispatch of notice to Eligible Shareholders and IneligibleShareholders | 24 January 2013 |
| "Ex" date | 29 January 2013 |
| Exposure Period ends | 31 January 2013 |
| Record Date | 4 February 2013 |
| Dispatch of Prospectus to Eligible Shareholders | 8 February 2013 |
| Opening Date | 8 February 2013 |
| Closing Date | 22 February 2013 |
| Convertible Unsecured Notes and New Shares quoted on adeferred basis | 25 February 2013 |
| Shortfall Notification Date | 27 February 2013 |
| Settlement Date of Entitlement Offer (including pursuant to theUnderwriting Agreement) | 1 March 2013 |
| Deferred Settlement Trading ends and Dispatch Date | 1 March 2013 |
| Expected date of Official Quotation of Convertible UnsecuredNotes and New Shares | 4 March 2013 |
| Key dates for the Convertible Unsecured Notes | Date |
| First interest payment date | 1 September 2014 |
| Maturity Date | 1 March 2016 |
Capitalised terms in the timetable are as defined in the Prospectus.
ENDS
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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For further information please contact
Noble: Erik Palmbachs Chief Financial Officer Tel: +61 (0) 8 9474 6771 Email: [email protected]
Media: Annette Ellis Cannings Purple Communications Tel: +61 (0) 8 6314 6300 Email: [email protected]
About Noble Mineral Resources Limited
Noble Mineral Resources Limited is an emerging gold producer, focused on exploring and developing gold assets in the goldfields of Ghana, West Africa. The Company was incorporated in April 2007 and listed on ASX (ASX: NMG) in June 2008.
The Bibiani Project, located in the Sefwi-Bibiani Gold Belt in western Ghana, is Noble’s flagship asset and was acquired by the Company in 2010. The Sefwi-Bibiani Gold Belt is host to a number of existing, large-scale gold mining operations, including the Ahafo and Chirano mines. The Bibiani Project has produced over 4 million ounces over its operational life.
In addition to the Bibiani Project, Noble has interests in the Cape Three Points, Brotet, Tumentu and Nakroba exploration projects, all located in the southern Ashanti Gold Belt in southern Ghana.
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ASX Code: NMG
www.nobleminres.com.au
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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