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ALTAMIN LIMITED — Capital/Financing Update 2017
Aug 1, 2017
64488_rns_2017-08-01_46e4a92a-a12d-42a3-ae6f-a03d1582fa2a.pdf
Capital/Financing Update
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2 August 2017
ASX Announcement
Rights Issue Oversubscribed
Energia Minerals Ltd ( ASX:EMX ) (“ Energia” or “the Company” ) advises that its Rights Issue offer to raise $3.132 million, before expenses, has closed oversubscribed.
Eligible shareholders were entitled to subscribe for 2 new shares for every 5 existing shares held at an issue price of $0.01 per share, and also to apply for additional shares under a shortfall facility.
The result of the acceptances is summarised as follows:
| The result of the acceptances is summarised as follows: | |
|---|---|
| No. of Shares |
$ |
| No. of new shares offered under the Rights Issue 313,210,982 Comprised of: |
3,132,110 |
| Entitlement acceptances 246,301,662 |
2,463,016 |
| Additional shares applied for under the Shortfall Facility 92,228,978 Less:Scale back (25,319,658) |
922,290 (253,197) |
| Additional shares issued 66,909,320 |
669,093 |
| Total shares issued 313,210,982 |
$3,132,109 |
ASX Code EMX
ABN 63 078 510 988
PO Box 1785 West Perth WA 6872
Level 2, 20 Kings Park Road West Perth WA 6005
T: + 61 8 9321 5000 F: + 61 8 9321 7177 E: [email protected] W: www.energiaminerals.com
Board of Directors
Alexander Burns Executive Chairman/ Chief Executive Officer Stephen Hills Finance Director Marcello Cardaci Non-Executive Director
Company Secretary Jamie Armes
As the offer closed oversubscribed, all applications for entitlements will be allotted in full and applications for additional shares have been scaled back on a pro-rata basis.
Refunds for the unallocated portion of applications for additional shares will be processed by the Company following completion.
Please note that it is the responsibility of applicants to confirm the number of new shares allocated to them prior to trading in the new shares. Applicants who sell new shares prior to receiving confirmation of the number of new shares allotted to them do so at their own risk.
The shares to be issued, including additional shares, will be allotted and holding statements despatched on 4 August 2017 .
“Energia is delighted with the strong show of support from our shareholders, and sees it as an endorsement of the Company’s new Gorno strategy,” Executive Chairman and Chief Executive Officer Alexander Burns said.
“Your Company is committed to delivering value from Gorno. The rights issue proceeds will leave us well positioned to advance this high-value zinc project with the added benefit of the latest encouraging exploration results and in time for a forecast global supply shortage of the metal.”
The Company wishes to thank all participating shareholders for their continuing support.
For and on behalf of the Board
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Jamie Armes Company Secretary
For further information contact: For media enquiries contact: Jamie Armes Peter Klinger Company Secretary Cannings Purple +61 8 9321 5000 +61 (0)411 251 540 [email protected] [email protected]
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