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ARIKA RESOURCES LIMITED — Capital/Financing Update 2014
Jul 8, 2014
64420_rns_2014-07-08_e2e49598-d140-4196-aba5-ce7e4c8fc2b2.pdf
Capital/Financing Update
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Listed on the Australian Securities Exchange (“PLD”) ACN 086 839 992 Level 9, 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 3 9606 3399
10 July 2014
Dear Shareholder,
Non-renounceable Rights Issue
As announced on 3 July 2014 PLD Corporation Limited (the Company) is undertaking a one (1) for five(5) pro rata non-renounceable rights issue (Offer) of approximately 96,472,028 fully paid ordinary shares (New Shares) to raise approximately $578,832 (Rights Issue). The price of the New Shares under the Offer is $0.006 each (Issue Price). The issue price represents a discount of approximately 33% to the last closing price of the Company’s shares on the ASX prior to the announcement of the Offer. The Company lodged the Prospectus for the Offer with ASIC and the ASX on 9 July 2014.
The Offer is partially underwritten by Patersons Securities Limited (Underwriter). The Company must pay the Underwriter an underwriting fee of 6% of the underwritten amount and a $40,000 lead manager fee. The Company must also reimburse the Underwriter for costs incidental to the Offer.
The Company will use the proceeds raised under the Offer to:
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Fund exploration activity at Rocky Gully;
-
Invest in a joint venture in the healthcare sector; and
-
Provide working capital for the Company generally.
The Offer is being made to all shareholders of the Company named on the register of members at 5pm WST on 16 July 2014, whose registered address is in Australia or New Zealand (Eligible Shareholders).
New Shares will rank equally with all fully paid ordinary shares in the capital of the Company already on issue.
Assuming all entitlements are accepted, following completion of the Offer, the Company will have issued approximately 96,472,028 New Shares resulting in total shares on issue of approximately 578,832,169.
A copy of the Prospectus is available on the ASX’s and the Company’s websites. Eligible Shareholders will be mailed a Prospectus together with an Entitlement and Acceptance Form no later than 21 July 2014. Your entitlement will be set out on the personalised Entitlement and Acceptance Form accompanying the Prospectus.
For the purpose of calculating each Eligible Shareholder’s entitlement, fractions of entitlements have been rounded up to the nearest whole number of New Shares.
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Listed on the Australian Securities Exchange (“PLD”) ACN 086 839 992 Level 9, 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 3 9606 3399
Actions Required of Eligible Shareholders
There are a number of actions Eligible Shareholders may take:
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You may wish to accept all of your rights to subscribe for New Shares pursuant to the Prospectus (Entitlement). To take up all of your Entitlements you will need to ensure your application money for the Entitlements you wish to take up is received by Computershare Investor Services Pty Ltd (Share Registry) by no later than 5:00pm (WST) on 5 August 2014, by completing and returning your Entitlement and Acceptance Form together with your cheque, drawn on an Australian bank or bank draft made payable in Australian currency, for the amount indicated on the Entitlement and Acceptance Form OR making payment by BPay in accordance with the instructions on your Entitlement and Acceptance Form;
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You may wish to accept part of your Entitlement. To take up part of your Entitlement you will need to ensure your application money for the Entitlements you wish to take up is received by the Share Registry by no later than 5:00pm (WST) on 5 August 2014 by completing and returning your Entitlement and Acceptance Form by filling in the number of New Shares you wish to accept in the space provided on the Entitlement and Acceptance Form together with your cheque, drawn on an Australian bank or bank draft made payable in Australian currency, for the appropriate application monies OR making payment by BPay in accordance with the instructions on your Entitlement and Acceptance Form (at $0.006 per New Share).
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You may do nothing. If you chose to do nothing with your Entitlements, while you continue to hold the same number of shares, your interest in the Company will be diluted and you will receive no value for your Entitlement.
Key Dates for the Offer
| Lodgement of Prospectus with the ASIC | 9 July 2014 |
|---|---|
| Lodgement of Prospectus & Appendix 3B with ASX | 9 July 2014 |
| Notice sent to Optionholders | 10 July 2014 |
| Notice sent to Shareholders | 10 July 2014 |
| Ex date | 14 July 2014 |
| Record Date for determining Entitlements | 16 July 2014 |
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Listed on the Australian Securities Exchange (“PLD”) ACN 086 839 992 Level 9, 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 3 9606 3399
| Prospectus sent out to Shareholders & Company announces this has | 21 July 2014 |
|---|---|
| been completed | |
| Last day to extend the Offer Closing Date | 30 July 2014 |
| Closing Date* | 5pm(WST) 5August2014 |
| Shares quoted on a deferred settlement basis | 6 August 2014 |
| ASX notified of under subscriptions | 7 August 2014 |
| Issue date/Shares entered into Shareholders’ security holdings | 8 August 2014 |
| Quotation of Shares issued under the Offer* | 11 August 2014 |
*The Directors may extend the Closing Date by giving at least 3 Business Day’s notice to ASX prior to the Closing Date. As such the date the Shares are expected to commence trading on ASX may vary.
If you have any queries concerning the Rights Issue, or the action you are required to take to subscribe for New Shares, please contact your financial advisor or the Company Secretary on 61 3 9606 3888.
Yours faithfully,
PLD Corporation Limited
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David Nairn
Company Secretary.
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Listed on the Australian Securities Exchange (“PLD”) ACN 086 839 992 Level 9, 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 3 9606 3399
10 July 2014
Dear Shareholder,
Non-Renounceable Rights Issue – Notification to Ineligible Shareholders
I refer to the non-renounceable Rights Issue (Offer) announced by PLD Corporation Limited (the Company) on 3 July 2014, under which the Company will raise up to $578,832 before the costs of the Offer. The Company lodged a Prospectus for the Offer (Prospectus) with ASIC and ASX on 9 July 2014. Pursuant to the Offer, Eligible Shareholders will be offered the opportunity to acquire additional fully paid ordinary shares (New Shares) in the Company on the basis of one (1) new fully paid ordinary share for every five (5) held (Entitlement) at 5pm WST on 16 July 2014 (Record Date), at a price of $0.006 per New Share (Issue Price).
The Offer is partially underwritten by Patersons Securities Limited (Underwriter). The Company must pay the Underwriter an underwriting fee of 6% of the underwritten amount and a $40,000 lead manager fee. The Company must also reimburse the Underwriter for costs incidental to the Offer.
The Company will use the proceeds raised under the Offer to:
-
Fund exploration activity at Rocky Gully;
-
Invest in a joint venture in the healthcare sector; and
-
Provide working capital for the Company generally.
The Offer is being made to all shareholders of the Company named on the register of members at 5pm WST on 16 July 2014, whose registered address is in Australia or New Zealand (Eligible Shareholders).
New Shares will rank equally with all fully paid ordinary shares in the capital of the Company already on issue.
Assuming all entitlements are accepted, following completion of the Offer, the Company will have issued approximately 96,472,028 New Shares resulting in total shares on issue of approximately 578,832,169.
This letter is to inform you about the offer and to explain why you will not be able to subscribe for New Shares under the Offer. This letter is not an offer to issue New Shares to you, nor an invitation for you to apply for New Shares. You are not required to do anything in response to this letter.
The Company has decided that it is unreasonable to make offers under the Rights Issue to shareholders with a registered address outside Australia and New Zealand (Ineligible Shareholders), having regard to the number of such shareholders, their holdings and the compliance costs required to offer the shares under the Offer to those shareholders. Accordingly, in compliance with ASX
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Listed on the Australian Securities Exchange (“PLD”) ACN 086 839 992 Level 9, 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 3 9606 3399
Listing Rule 7.7.1(b), the Company wishes to advise you are an Ineligible Shareholder and that it will not be extending the Offer to you.
If you have any additional questions regarding the Offer, please contact me during business hours on 61 3 9606 3888. Otherwise, on behalf of the Board and Management of the Company, we thank you for your continued support of the Company.
Yours faithfully,
PLD Corporation Limited
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David Nairn
Company Secretary
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Listed on the Australian Securities Exchange (“PLD”) ACN 086 839 992 Level 9, 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 3 9606 3399
10 July 2014
Dear Optionholder,
Non-renounceable Rights Issue – Notification to Optionholders
As announced on 3 July 2014 PLD Corporation Limited (the Company) is undertaking a one (1) for five (5) pro-rata non-renounceable rights issue (Offer) of approximately 96,472,028 fully paid ordinary shares (New Shares) to raise approximately $578,832 (Rights Issue). The price of the New Shares under the Offer is $0.006 each (Issue Price). The Company lodged the prospectus for the Offer (Prospectus) with ASIC and the ASX on 9 July 2014.
The Offer is partially underwritten by Patersons Securities Limited (Underwriter). The Company must pay the Underwriter an underwriting fee of 6% of the underwritten amount and a $40,000 lead manager fee. The Company must also reimburse the Underwriter for costs incidental to the Offer.
The Company will use the proceeds raised under the Offer to:
-
Fund exploration activity at Rocky Gully;
-
Invest in a joint venture in the healthcare sector; and
-
Provide working capital for the Company generally.
The Offer is being made to all Shareholders of the Company on its register of members at 5pm WST on 16 July 2014, whose registered address is in Australia or New Zealand (Eligible Shareholders).
New Shares will rank equally with all fully paid ordinary shares of the Company already on issue.
Assuming all entitlements are accepted, following completion of the Offer, the Company will have issued approximately 96,472,028 New Shares resulting in total shares on issue of approximately 578,832,169.
Optionholders
The terms and conditions of the options you currently hold do not entitle you to participate in the Rights Issue unless you exercise your options in time for new shares to be allotted to you and to be entered into the Company’s Register of Members on or before 5pm on 16 July 2014 (Record Date).
To exercise your options and thereby participate in the Rights Issue, you will need to deliver the following to the attention of the Company Secretary, PLD Corporation Limited at Level 9 575 Bourke Street Melbourne VIC 3000:
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Listed on the Australian Securities Exchange (“PLD”) ACN 086 839 992 Level 9, 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 3 9606 3399
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A notice of exercise of options (attached to this letter);
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An option certificate or a copy of the holding statement in respect of those options to be exercised; and
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Payment for the exercise price in respect of those options to be exercised by way of a cheque made payable to PLD Corporation Limited.
To ensure that your new shares are allotted prior to the Record Date, the above must be received by PLD Corporation Limited no later than 16 July 2014. If received after this date, allotment of new shares prior to the Record Date cannot be assured. Before deciding whether to exercise any or all of your options, you should read the Prospectus in its entirety.
If you have any questions concerning the Rights Issue, or the action you are required to take to subscribe for new shares, please contact your financial advisor or the Company Secretary on 61 3 9606 3888.
Yours faithfully,
PLD Corporation Limited
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David Nairn
Company Secretary.