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ALCHEMY RESOURCES LIMITED — Capital/Financing Update 2008
May 29, 2008
64369_rns_2008-05-29_9f035692-4e8c-4956-864f-8f9276f4c37f.pdf
Capital/Financing Update
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Alchemy Resources Limited
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ABN 17 124 444 122
30 May 2008
Dear Shareholder
NON-RENOUNCEABLE ENTITLEMENTS ISSUE
I am pleased to inform you that on 29 May 2008, Alchemy Resources Limited lodged a prospectus with the Australian Securities Exchange (ASX) and Australian Securities and Investment Commission (ASIC) for a pro-rata, nonrenounceable entitlement issue to existing shareholders of up to 19,800,000 options on a one-for-two basis (one option for every two ordinary shares held).
The options will be offered to shareholders at an issue price of 1 cent per option. The options will have an exercise price of 25 cents per option prior to the expiry date of 31 August 2010.
All shareholders registered as at 5.00pm on 11 June 2008 are entitled to participate in the entitlement issue of options. The prospectus and a personalised acceptance form will be dispatched to eligible shareholders (registered as holding shares in the Company as at the record date of 11 June 2008) on or around 13 June 2008.
Eligible shareholders who wish to subscribe for Options will need to complete and return the personalised acceptance form that will accompany the prospectus.
The closing date for acceptances is anticipated to be 5.00pm WST on 9 July 2008 (unless the Offer is extended) and the Company will apply to the ASX for official quotation of the options. Shareholder approval is not required in relation to the Entitlements issue. The proceeds from the issue will be applied towards the Company’s exploration activities and for general working capital.
The prospectus will be available for viewing on Alchemy’s website at www.alchemyresources.com.au.
Timetable and Important Dates
| Timetable and Important Dates | |
|---|---|
| EvEnt | DatE |
| Lodgement of Prospectus with ASIC | 29 May2008 |
| Notice to Shareholders | 30 May2008 |
| Shares quoted on an “ex” basis | 4 June 2008 |
| Record Date for determiningShareholder entitlements | 11 June 2008 |
| OpeningDate and dispatch of Prospectus to Shareholders | 13 June 2008 |
| ClosingDate of Ofer | 9 July2008 |
| Options quoted on a deferred settlement basis | 10 July2008 |
| Allotment and dispatch of holdingstatements | 16 July2008 |
* Key dates are subject to change and final confirmation.
1186 Hay Street, West Perth Western Australia 6005
GPO Box 2815, Perth Telephone: +61 8 9481 4400 [email protected] Western Australia 6001 Facsimile: +61 8 9481 4404 www.alchemyresources.com.au
In calculating entitlements under the issue, fractions will be rounded down to the nearest option.
The quoted and unquoted securities on issue in the Company following completion of the entitlements issue are as follows:
Quoted
| Quoted | |
|---|---|
| Class | numbEr |
| Ordinaryfullypaid shares | 21,680,000 |
| Share options (25c) expiring31 August 2010 | 19,800,000 |
Unquoted
| Unquoted | |
|---|---|
| Class | numbEr |
| Ordinaryfullypaid shares | 17,920,000 |
| Share options (25c) expiring31 August 2010 | 8,318,750 |
| Share options (25c) expiring30 June 2011 | 5,250,000 |
| Share options (37c) expiring30 June 2012 | 1,000,000 |
| Share options (50c) expiring30 June 2013 | 1,000,000 |
I encourage shareholders to read the prospectus carefully when you receive it in the mail and to consider investing in the option entitlements issue.
For further information please contact: Michael Hannington John Arbuckle Managing Director Director/Company Secretary
Yours sincerely
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michael Hannington Managing Director