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AUREKA LIMITED — Capital/Financing Update 2011
Aug 22, 2011
64352_rns_2011-08-22_c5633739-ec96-4b87-875c-b64f111404ef.pdf
Capital/Financing Update
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23 August 2011
ASX Release $3.2M Entitlement Offer Completed
Navarre Minerals Limited (ASX Code: NML) announced today that the Entitlement Offer announced on 25 July 2011 to raise $3.2 million before costs had been completed.
The Entitlement Offer consisted of a 1 for 3 offer of 13,957,381 new NML shares at an issue price of $0.23 per share. The Entitlement Offer closed for acceptances at 5pm on 18 August 2011.
The Company received valid acceptances for 5,753,599 new NML shares representing approximately 41% of the total number of new NML shares offered to shareholders under the Entitlement Offer. Pursuant to the Underwriting Agreement, Taylor Collison Limited has placed the shortfall of 8,203,782 new NML shares.
The funds will be used to finance further exploration at the company’s recent gold discovery at Tandara, Bendigo North, in Victoria. Drilling is due to commence this week (refer further announcement 23 August 2011).
For further information contact:
Geoff McDermott Managing Director E: [email protected] T: +61 3 5358 8623
Trevor Shard Company Secretary E: [email protected] T: +61 3 9820 5509
About Navarre Minerals: Navarre is a Victorian based explorer with four main exploration projects in - - central and western Victoria with the potential for large gold and copper gold zinc deposits.
Level 4, 448 St Kilda Road, Melbourne VIC 3004 PO Box 7693, St Kilda Road VIC 8004 Navarre Operations: 40 -44 Wimmera Street PO Box 385, Stawell VIC 3380 Ph: 61 3 9820 5509 Fax: 61 3 9820 2586 www.navarre.com.au