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BARYS RESOURCES LIMITED — Capital/Financing Update 2011
Nov 9, 2011
64567_rns_2011-11-09_08d75891-26b5-4493-ac30-7a222ef4a733.pdf
Capital/Financing Update
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10 NOVEMBER 2011
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NEW RIGHTS ISSUE OPTIONS LISTED
ANNOUNCEMENT
Mining Group Limited (ASX:MNE) (“Mining Group” or “the Company”) is pleased to announce that it has today allotted 4,974,537 options pursuant to its pro-rata nonrenounceable rights issue of approximately 6,512,500 new options exercisable at $0.20 each on or before 1 July 2014 (“New Options”) on the basis of one New Option for every four Mining Group shares held by shareholders at the Record Date at an issue price of $0.01 per New Option (“Rights Issue”). The New Options are now listed on the ASX under the code MNEO.
The allocation of the remaining shortfall from the Rights Issue, comprising approximately 1,537,927 New Options, is expected to be completed within the next 5 days.
Following the completion of allocation of shortfall, the Company will have approximately 6,512,500 quoted options of on issue, with an additional 1,500,000 escrowed options due to be quoted in the same class following release from escrow on 1 July 2013.
AUTHORISED BY:
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Shannon Coates Company Secretary
Contact:
Andrew Maurice Managing Director [email protected]
P: + 61 8 9322 6424 M: 0410 642 660
Level 1, 173 Mounts Bay Road PERTH WA 6000
173 MOUNTS BAY ROAD PERTH WESTERN AUSTRALIA 6000 TELEPHONE 08 9322 6424 FACSIMILE 08 9322 6778
About Mining Group Limited
Mining Group Limited (ASX: MNE) (“Mining Group” or “the Company”) is an ASX listed, Australian based exploration company established to explore, evaluate and acquire commercially significant resource projects in Australia and overseas.
Mining Group seeks to increase shareholder wealth by prudent exploration of its prospective Western Australian based Boorara, Teutonic and Lake Christopher Projects and by identification and evaluation of potential new mineral projects and opportunities in Australia and overseas suitable for acquisition and development by the Company. Mining Group has a strong Board and management team who collectively have considerable technical, commercial and corporate experience in the resources sector.
For more information visit the Mining Group website at www.mininggroup.net.au