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ASPIRE MINING LIMITED — Capital/Financing Update 2008
May 25, 2008
64354_rns_2008-05-25_e71c228d-8fe4-444d-9ccc-51b1617185a2.pdf
Capital/Financing Update
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WINDY KNOB RESOURCES LIMITED
ACN 122 417 243
Suite 9, 1200 Hay Street West Perth WA 6005 Telephone: 08 9324 3044 Facsimile: 08 9324 3045 www.windyknobresources.com.au [email protected]
26 May 2008
[Insert name and address of Option holder]
Dear Shareholder,
NON-RENOUNCEABLE RIGHTS ISSUE
Windy Knob Resources Limited ( Company ) has announced to ASX Limited ( ASX ) a nonrenounceable entitlement issue on the basis of one (1) new fully paid ordinary share ( Share ) for every one (1) Share currently held by shareholders of the Company as at 5.00pm WST on 3 June 2008 at an issue price of $0.08 each together with one (1) attaching option for every one (1) new Share issued ( Offer ).
The Offer will result in the issue of approximately 31,250,005 new shares and 31,250,005 new options in the Company. The options will be exercisable at $0.20 on or before 30 December 2009.
The Prospectus relating to this issue has been lodged with the Australian Securities and Investments Commission and ASX and is available on the ASX website at www.asx.com.au for inspection. The timetable and important dates of the issue are set out below:
| Lodgement of Prospectus with ASIC | 23 May 2008 |
|---|---|
| Notice sent to Shareholders | 26 May 2008 |
| Ex Date | 28 May 2008 |
| Record Date for determining Shareholder entitlements | 3 June 2008 |
| Prospectus despatched to Shareholders | 5 June 2008 |
| Closing Date of Offer | 23 June 2008 |
| Securities quoted on a deferred settlement basis | June 2008 |
| Despatch date/Shares entered into Shareholders’ security holdings | 26 June 2008 |
The purpose of the issue is to raise approximately $2,500,000 and the funds raised will be used to fund an aggressive exploration work program on the Titiribi Project located in Antioquia, northern Colombia and for working capital purposes.
The capital structure of the Company on completion of the issue will be as follows:
Shares
| Shares | |
|---|---|
| Number | |
| Shares currently on issue | 31,250,005 |
| Shares offered pursuant to the Offer | 31,250,005 |
| Total Shares on issue after completion of the Offer | 62,500,010 |
Options
| Options | |
|---|---|
| Number | |
| Options currently on issue | 14,250,000 |
| Options offered pursuant to the Offer | 31,250,000 |
| Total Options on issue after completion of the Offer | 45,500,000 |
In calculating entitlements under Offer, fractions will be rounded up to the nearest whole number.
The Offer under the Prospectus is made to Shareholders with registered addresses in Australia and New Zealand. Overseas shareholders should contact the Company Secretary with any queries.
Full details of the Offer will be contained in the Prospectus that will be mailed to all shareholders who are registered on the record date. Shareholders eligible to participate should read the Prospectus carefully.
Yours faithfully
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