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ASPIRE MINING LIMITED — Capital/Financing Update 2017
Dec 4, 2017
64354_rns_2017-12-04_c53e1e90-edf8-4f53-b325-537e22b65fd8.pdf
Capital/Financing Update
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69 Kewdale Road Welshpool WA 6106
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P.O Box 1918, Subiaco, WA 6904
P: (08) 9287 4555 F: (08) 9353 6974 W: www.aspiremininglimited.com E: [email protected]
5 December 2017
Company Announcements Office Australian Securities Exchange
RENOUNCEABLE RIGHTS ISSUE CLOSURE AND NOTICE OF SHORTFALL
Aspire Mining Limited (ASX:AKM) ( Aspire or Company ) advises that the fully underwritten prorata renounceable rights issue ( Rights Issue ) made pursuant to the Prospectus dated 9 November 2017, closed on 4 December 2017.
The offer being made under the Prospectus comprised of an offer of:
-
New Shares and New Options to eligible shareholders; and
-
Underwriter Options to the Underwriter or its nominees pursuant to the Underwriting Agreement.
The Rights Issue offer made to eligible shareholders was 6 New Shares for every 5 existing shares at an offer price of $0.012, together with a free attaching New Option for every 4 New Shares subscribed for, to raise up to $16.53 million (before costs).
The results of the Rights Issue and new securities to be issued are:
| New Shares New Options New (Underwriter) Options |
|
|---|---|
| Valid Acceptances Shortfall Securities Underwriter Securities Total number of New Securities to be issued |
522,589,473 130,647,396 855,164,631 213,791,130 344,438,526 |
| 1,377,754,104 344,438,526 344,438,526 |
The allocation of the shortfall New Shares and New Options will be made in consultation with the underwriter, Patersons Securities Limited.
ABN: 46 122 417 243
All new securities under the offer are expected to be issued on 11 December 2017 with normal trading expected to commence on 12 December 2017.
For further information, please contact the Aspire’s Company Secretary, Phil Rundell on +61 8 9287 4555, or +61 417 675695 or [email protected]
ENDS