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ARDEA RESOURCES LIMITED — Capital/Financing Update 2019
Nov 25, 2019
64421_rns_2019-11-25_d1c2175d-c462-48ab-9c9f-40ee57c76bdb.pdf
Capital/Financing Update
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Godolphin Resources in-specie Distribution Record Date set for 3 December 2019
ASX & Media Release
26 November 2019
The boards of Ardea Resources Limited (Ardea) and Godolphin Resources Limited (Godolphin) are pleased to announce that the Godolphin IPO has now closed with funds in excess of $7 million being received.
ASX Symbol
ARL
All conditions precedent to the Offers are now able to be satisfied or waived including ASX approval to the listing subject to conditions that the Godolphin Board is confident can be satisfied.
Ardea Resources Limited
Suite 2 / 45 Ord St West Perth WA 6005
PO Box 1433 West Perth WA 6872
The Timetable to Completion is as follows:
| The Timetable to Completion is as follows: | |
|---|---|
| EVENT | DATE |
| Final Trading Day cum return of capital pre In-specieDistribution | 29 November 2019 |
| ARL Shares trade ex return of capital | 2 December 2019 |
| Record date for In-specie Distribution | 3 December 2019 |
| Completion of In-specie Distribution | 10 December 2019 |
| Issue of Shares under the Offers | 11 December 2019 |
| Despatch of holding statements | 13 December 2019 |
| Expected date for Shares to commence trading on ASX | 18 December 2019 |
Telephone
+61 8 6244 5136
Website
Directors
Katina Law Executive Chair
Ardea CEO Andrew Penkethman commented:
Ian Buchhorn Technical Executive Director
The new Godolphin IPO has been extremely well supported and this reflects the quality of the NSW projects and management team. I would like to thank all the Ardea Shareholders who have supported the issue and welcome all new investors to what we anticipate will be a successful explorer and developer. I would also like to thank the Ardea and Godolphin teams and advisors who have assisted with the Godolphin IPO.”
Wayne Bramwell Non-Executive Director
Issued Capital
Fully Paid Ordinary Shares 117,300,435
Directors/Employee Performance Rights 5,161,000
For further information regarding Ardea, please visit www.ardearesources.com.au or contact:
ABN 30 614 289 342
Ardea Resources: Andrew Penkethman CEO, Ardea Resources Limited Tel +61 8 6244 5136
Doc ID 690353663/v1