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BARYS RESOURCES LIMITED — Capital/Financing Update 2012
Nov 12, 2012
64567_rns_2012-11-12_393a176c-e0d6-485f-a6f4-8d015f979dc6.pdf
Capital/Financing Update
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MINING GROUP COMPLETES ENTITLEMENT ISSUE TO RAISE FURTHER $2.5 MILLION
ASX ANNOUNCEMENT
13 NOVEMBER 2012
Further to its announcement on 5 November 2012, Mining Group Limited (ASX:MNE) (“Mining Group” or “the Company”) confirms that it has today completed its pro-rata renounceable entitlement issue of up to approximately 50,202,344 new shares on the basis of one new share for every one share held by shareholders on the record date at an issue price of $0.10 per new share (“Entitlement Issue”).
Following receipt of cleared funds of $2,520,234 (before costs), the Company has today allotted the remaining shortfall of 25,202,344 new shares, in accordance with the Underwriting Agreement.
The Company further advises it has today issued a total of 450,000 unlisted options pursuant to its Employee Incentive Option Scheme, approved by Shareholders on 17 February 2012.
The issued capital of the Company following today’s share and option issues is as follows:
| Fully paid ordinary shares | 100,404,6081 |
|---|---|
| Listed Options exercisable at $0.20 each on or before 1 July 2014 | 40,422,230 |
| Options exercisable at $0.20 each on or before 1 July 2014 | 1,500,0002 |
| Options exercisable at $0.55 each on or before 28 February 2014 | 400,000 |
| Options exercisable at $0.60 each on or before 1 April 2015 | 300,0003 |
| Options exercisable at $0.60 each on or before 14 May 2015 | 50,000 |
| Options exercisable at $0.45 each on or before 15 July 2014 | 500,000 |
| Options exercisable at $0.20 each on or before 1 July 2015 | 3,750,000 |
| Options exercisable at $0.20 each on or before 13 November 2014 | 200,000 |
| Options exercisable at $0.25 each on or before 13 November 2015 | 250,000 |
1 10,915,625 Shares escrowed to 1 July 2013 and 2,600,000 Shares escrowed to 17 January 2014. 2 Escrowed until 1 July 2013.
3 Escrowed until 1 April 2013.
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For further information please contact: Zeffron Reeves Managing Director [email protected] P: + 61 8 9322 6424
Media Investors Carrie Parsons Ronn Bechler LastSay Communications Market Eye [email protected] [email protected] P: +61-433 472 947 P: +61-400 009 774
About Mining Group Limited
Mining Group Limited (ASX: MNE) 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 develop the Comval Copper Gold Project in the Philippines along with exploring the prospective Western Australian based Boorara, Teutonic and Lake Christopher Projects.
Mining Group has a strong Board and management team with considerable technical, commercial and corporate experience in the resources sector.
For more information visit the Mining Group website at www.mininggroup.net.au