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AUSMON RESOURCES LIMITED — Capital/Financing Update 2019
Oct 10, 2019
64392_rns_2019-10-10_6a51a359-3639-4362-9614-b58402f3e9ec.pdf
Capital/Financing Update
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11 October 2019
ASX Market Announcements
SHARE PURCHASE PLAN
Ausmon Resources Limited (“Company”) announces a Share Purchase Plan (“SPP”) offering up to 130,000,000 fully paid ordinary shares (“Share”) to eligible shareholders at $0.0025 per Share to raise up to $325,000.
The issue price of the Shares is equal to a 16.67% discount to the volume weighted average price of Company Shares for the last five days on which they were traded on the Australian Securities Exchange immediately prior to this announcement.
After costs, proceeds from the SPP will be used for exploration, investigation of new ventures and general working capital.
Share Purchase Plan
The SPP will provide eligible shareholders registered on the Record Date of 10 October 2019 with the opportunity to apply for up to $15,000 worth of Shares (subject to any scale back) without incurring brokerage or other transaction costs. Shares issued under the SPP will rank equally with existing Shares in the capital of the Company.
The Directors may, in their absolute discretion, decide to scale back the number of Shares issued to eligible shareholders, where the SPP is oversubscribed, or where an individual shareholder has in aggregate subscribed for more than $15,000 worth of Shares under the SPP.
The SPP is not underwritten. The offer document setting out more details of the SPP and the application form will be mailed to shareholders shortly.
Indicative timetable for the SPP
| Indicative timetable for the SPP | |
|---|---|
| Record Date | 11:00 pm (Sydney time) on 10 October 2019 |
| Announcement Date | 11 October 2019 |
| Offer Date | 11 October 2019 |
| Closing Date | 5:00 pm (Sydney time) on 31 October 2019 |
| Share allotment date | 7 November 2019 |
| Despatch of holding statements | 14 November 2019 |
AUSMON RESOURCES LIMITED ABN 88 134 358 964 ‘World Tower” Suite 1312, 87-89 Liverpool Street, Sydney NSW 2000 Australia. PO BOX 20188 World Square, NSW 2002 Australia
Tel: 61 2 9264 6988 Fax: 61 2 9283 7166 Email: [email protected] www.ausmonresources.com.au ASX code: AOA
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Subject to the ASX Listing Rules, the Company may at its absolute discretion change the above dates at any time without notice. The commencement of trading new shares allotted under the SPP is subject to confirmation by ASX.
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John Wang Managing Director
AUSMON RESOURCES LIMITED ABN 88 134 358 964 ‘World Tower” Suite 1312, 87-89 Liverpool Street, Sydney NSW 2000 Australia. PO BOX 20188 World Square, NSW 2002 Australia Tel: 61 2 9264 6988 Fax: 61 2 9283 7166 Email: [email protected] www.ausmonresources.com.au ASX code: AOA
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