Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

BREAKTHROUGH MINERALS LIMITED Capital/Financing Update 2014

Sep 28, 2014

64579_rns_2014-09-28_3a5464ba-78f1-4cf4-87ce-e822e75804b5.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

29 September 2014

==> picture [237 x 141] intentionally omitted <==

Company Announcements Officer Australian Securities Exchange Limited

Dear Sir/Madam

SHARE PURCHASE PLAN TO ELIGIBLE SHAREHOLDERS TO RAISE $0.5 MILLION

Intra Energy Corporation Limited (ASX:IEC) (“ IEC ” and “ the Company ”) is pleased to invite eligible shareholders to participate in the IEC Share Purchase Plan (“ SPP ”) to raise approximately $0.5 million. The SPP entitles eligible shareholders of the Company, irrespective of the size of their shareholding, to purchase $500 worth of shares in the Company at $0.027 (2.7 cents) per ordinary share.

Participants in the SPP will also receive two unlisted IEC options ( “Options” ) for every five shares subscribed. The Options will be offered via an offer information statement (“ OIS ”) which will be mailed to shareholders on 10 October 2014. The Options will be issued for nil consideration and are exercisable at any time prior to 31 August 2015 at an exercise price of $0.05. The record date for participation is 28 September 2014.

The SPP will be partially underwritten by Cobblyn Investments Pty Ltd and a non-related third party. As Cobblyn Investments Pty Ltd is a related party, participation in its underwriting of the SPP offer is subject to shareholder approval. The underwriting parties will be paid underwriting fees of 3%.

Existing shareholders who are professional and/or sophisticated investors will be offered the opportunity to apply for a placement of shortfall shares at the discretion of the Company.

IEC will use the funds raised in the SPP for the working capital requirements and to continue to fund the growth strategy of IEC.

Documents will be mailed to each Eligible Shareholder when the SPP opens on 10 October 2014. The SPP will remain open until 31 October 2014.

For further information please contact:

Shareholder Enquiries Jonathan Warrand Executive Director & CFO Intra Energy Corporation Limited

Tel: (02) 9199 5511 www.intraenergycorp.com.au

ENDS

==> picture [112 x 125] intentionally omitted <==

==> picture [307 x 142] intentionally omitted <==

U.S. Persons Disclaimer

The shares to be issued under the Share Purchase Plan (“Shares”) have not been, and will not be, registered under the United States Securities Act of 1933, as amended (“Securities Act”) or the securities laws of any state or other jurisdiction of the United States. This ASX release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States, or to any person that is or is acting for the account or benefit of any U.S. person as defined in Regulation S under the Securities Act (“U.S. Person”). The Shares may not be taken up by a U.S. Person, and may not be offered, sold or resold in the United States or to, or for the account or benefit of, a U.S. Person, except in a transaction exempt from, or not subject to, the registration requirements of the Securities Act and applicable securities laws of any state or other jurisdiction in the United States.

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS

Suite 2001, Level 20 Australia Square 264 George Street, Sydney 2000 AUSTRALIA

P +612 9199 5511 F +612 9247 8966

Page | 2

www.intraenergycorp.com.au