AI assistant
Artemis Resources Limited — Capital/Financing Update 2014
Jul 24, 2014
10429_rns_2014-07-24_9eeac6d6-e771-4b11-b929-149866460701.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX Announcement 25 July 2014
==> picture [226 x 66] intentionally omitted <==
Rights Issue Raises approximately $629,000
Highlights
-
Shareholders and underwriter subscribe for 209,753,912 shares for $629,261
-
The Directors will look to place the shortfall in the period to 22 October 2014
Artemis Resources Limited (ASX: ARV) is pleased to announce that the recent non renounceable rights issue has closed raising $629,261 (before costs).
Accordingly the Company will issue to shareholders and the underwriter (Armengael Investments Limited) 209,753,912 shares and 52,438,478 share options exercisable at $0.003 cents per share before 31 July 2016.
The securities above are to be issued on 29 July 2014.
A summary of the results of the rights issue and shares currently on issue is set out in the table below:
| Number of Shares | Subscription Funds ($) | |
|---|---|---|
| Application for entitlement shares | 22,947,893 | 68,844 |
| Applications for additional shares under shortfallfacility | 6,054,352 | 18,163 |
| Shares to be taken up by the underwriter | 180,751,667 | 542,255 |
| Total applications | 209,753,912 | 629,261 |
| Event | Number of Shares |
|---|---|
| Shares Currently on Issue | 851,597,822 |
| Maximum Shares offered under the rights issue | 425,798,911 |
| Entitlement shares applied for under the rights issue | 22,947,893 |
| Additional shares applied for under the rights issue | 6,054,352 |
| Shares to be subscribed for by underwriter | 180,751,667 |
| Shares after Rights Issue and take up by underwriter | 1,061,351,734 |
==> picture [65 x 63] intentionally omitted <==
Artemis Resources Limited ABN: 80 107 051 749 Telephone: +61 2 9078 7670 | Facsimile: +61 2 9078 7661 | Email: [email protected] Level 15, 1 Alfred Street, SYDNEY NSW 2000 | PO Box R933 Royal Exchange, NSW 1225 Australia
==> picture [226 x 66] intentionally omitted <==
The offer of shortfall shares with attaching shortfall options is made under the prospectus announced on 1 July 2014 ( Shortfall Offer ). The Shortfall Offer will remain open till 22 October 2014 or an earlier date at the directors’ discretion during which the directors will seek to place the remaining shortfall shares – 216,044,999 shares at $0.003 per share together with free attaching options. In the event shareholders were unable to participate in time but would like to, please contact the company secretary.
Options on issue are as follows:
| Event | Number of Options |
|---|---|
| Unlisted Options Currently on Issue – exercisable at 4 cents per share (Nov/Dec 2014) | 20,000,000 |
| Listed Options on Issue – exercisable at 2 cents per share before 31 August 2016 | 126,846,952 |
| Listed Options issued under Rights Issue – exercisable at $0.003 before 31 July 2016 | 52,438,478 |
| Options on issue after the rights issue | 179,305,430 |
The prospectus can be viewed on the Company’s website and ASX website. A person should consider the prospectus in deciding whether to acquire the shortfall securities. Anyone who wants to acquire the shortfall securities will need to complete the shortfall application form that will accompany the prospectus.
Guy Robertson Company Secretary
==> picture [65 x 63] intentionally omitted <==
Artemis Resources Limited ABN: 80 107 051 749 Telephone: +61 2 9078 7670 | Facsimile: +61 2 9078 7661 | Email: [email protected] Level 15, 1 Alfred Street, SYDNEY NSW 2000 | PO Box R933 Royal Exchange, NSW 1225 Australia www.artemisresources.com.au
==> picture [226 x 66] intentionally omitted <==
ABOUT ARTEMIS RESOURCES
Artemis Resources Limited is a resources exploration company with a focus on its prospective Mount Clement (gold and antimony), Yandal (gold) and West Pilbara (gold and base metals) projects in Western Australia. These projects have significant exploration potential and close proximity to existing important deposits or producing mines. Artemis aims to develop a significant gold inventory through exploration and acquisitions which have the potential to become mines and create shareholder value.
==> picture [187 x 267] intentionally omitted <==
For further information, please contact:
Guy Robertson Executive Director Phone: +61 2 9078 7670 Email: [email protected] Web Site: www.artemisresources.com.au
James Moses Mandate Corporate Mob: 0420 991 574 Email: [email protected]
Tony Dawe
Professional Public Relations
+61 8 9388 0944 Email: [email protected]
3