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ALTECH BATTERIES LTD — Share Issue/Capital Change 2015
Feb 8, 2015
64444_rns_2015-02-08_b4f31dec-08d2-40f8-9c98-966c31de2f9b.pdf
Share Issue/Capital Change
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ASX ANNOUNCEMENT AND MEDIA RELEASE
9 February, 2015
EXPIRY OF UNLISTED OPTIONS
Altech Chemicals Limited (Altech/the Company) (ASX: ATC) advises that the following unlisted options have expired, unexercised:
500,000 options, exercise price $0.20, expiry dated 8 February 2015
The capital structure of the Company following the expiry of the options is as follows:
| Fully paid ordinary shares | 111,536,237 |
|---|---|
| Options quoted on ASX | |
| Exercise price $0.20, expiry 31-05-2015 | 21,465,000 |
| Exercise price $0.10, expiry 15-12-2015 | 3,777,735 |
| Options – not quoted | |
| Exercise price $0.20 expiry 31-05-2015 | 8,000,000 |
| Exercise price $0.20 expiry 18-12-2017 | 1,000,000 |
| Exercise price $0.25 expiry 18-12-2017 | 1,000,000 |
| Exercise price $0.30 expiry 18-12-2017 | 1,000,000 |
| Exercise price $0.25 expiry 15-09-2015 | 200,000 |
| Exercise price $0.20 expiry 31-01-2017 | 600,000 |
| Rights – not quoted | |
| Employee rights, exercise price Nil | 384,580 |
| Managing Director performance rights, exercise price Nil | 15,000,000 |
-End-
For more information, please contact:
Corporate Iggy Tan Managing Director Altech Chemicals Limited Tel: +61 8 9389 5557 Email: [email protected]
Media Contact Tony Dawe Consultant Professional Public Relations Tel (office): +61 8 9388 0944 Email: [email protected]
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Altech Chemicals Limited ASX:ATC ABN 45 125 301 206
3 Bay Road, Claremont, Western Australia 6010 Australia
Telephone: +61 8 9389 5557 Facsimile: +61 8 9389 5510 Website: www.altechchemicals.com
About Altech Chemicals (ASX: ATC)
Altech Chemicals Limited (Altech/the Company) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina ( HPA ) (Al2O3). HPA is a high-value product because it is the major source material for scratch-resistant artificial sapphire glass. Sapphire glass is used to produce a range of high-performance electronic applications such as LEDs, semi-conductors, phosphor display screens, as well as new emerging products such as smartphones and tablet devices. The global HPA market is approximately 19,040tpa (2014) and is expected to at least double over the coming decade.
Current HPA producers use an expensive and highly processed feedstock material such as aluminium metal to produce HPA. Altech produces 4N HPA directly from an ore feedstock, aluminous clay, from its Meckering deposit in Western Australia. The Company is now advancing a Bankable Feasibility Study (BFS) to develop a full-scale 4,000tpa HPA production facility. The Altech process employs conventional and proven “off-the-shelf” plant and technology to extract HPA from its low-cost and low-impurity aluminous clay feedstock, which results in lower operating costs .
Altech is a chemical processing group focused on creating a high-margin product to meet the growing global demand for the next generation of high-performance technologies.
Forward-looking Statements
This announcement contains forward-looking statements which are identified by words such as ‘anticipates’, ‘forecasts’, ‘may’, ‘will’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, ‘plan’ or ‘intends’ and other similar words that involve risks and uncertainties. Indications of, and guidelines or outlook on, future earnings, distributions or financial position or performance and targets, estimates and assumptions in respect of production, prices, operating costs, results, capital expenditures, reserves and resources are also forward looking statements. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions and estimates regarding future events and actions that, while considered reasonable as at the date of this announcement and are expected to take place, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of our Company, the Directors and management. We cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and readers are cautioned not to place undue reliance on these forward-looking statements. These forward looking statements are subject to various risk factors that could cause actual events or results to differ materially from the events or results estimated, expressed or anticipated in these statements.
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Altech Chemicals Limited ASX:ATC ABN 45 125 301 206
3 Bay Road, Claremont, Western Australia 6010 Australia
Telephone: +61 8 9389 5557 Facsimile: +61 8 9389 5510 Website: www.altechchemicals.com