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CARNAVALE RESOURCES LIMITED — Capital/Financing Update 2019
Jul 7, 2019
64607_rns_2019-07-07_10478fa1-de6d-4541-8d7c-c2525a4afaf3.pdf
Capital/Financing Update
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CARNAVALE RESOURCES LIMITED ASX release 8 July 2019
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ENTITLEMENT ISSUE PROSPECTUS DESPATCHED
Carnavale Resources Limited (ASX: CAV, Carnavale) refers to its 1:1 pro-rata nonrenounceable entitlements issue ( Rights Issue ) of up to approximately 742,999,560 fully paid ordinary shares ( New Shares ) (together with one free attaching option ( New Options ) for every two New Shares subscribed for and issued) to raise up to approximately $2,228,998 made under a prospectus lodged with ASIC on 28 June 2019.
The prospectus and personalised entitlement and acceptance forms for the Rights Issue have been sent to Eligible Shareholders. Shareholders should consider the prospectus in deciding whether to acquire the securities. Anybody wanting to acquire securities will need to complete the application form that will be in or will accompany the prospectus.
The indicative timetable for the Rights Issue is as follows:
| he indicative timetable for the Rights Issue is as follows: | |
|---|---|
| Shares trade "ex" the entitlements issue on ASX | 3 July 2019 |
| Record Date | 4 July 2019 |
| Despatch of Prospectus and Opening Date | 8 July 2019 |
| Closing Date* | 19 July 2019 |
| Shares quoted on a deferred settlement basis | 22 July 2019 |
| ASX notified of under subscriptions | 24 July 2019 |
| Allotment of Securities and despatch of holding statements | 26 July 2019 |
| (deferred settlement trading ends) | |
| Quotation of Shares issued under the Offer* | 29 July 2019 |
*The above timetable is indicative and may change, subject to the Corporations Act and Listing Rules.
Yours faithfully
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Paul Jurman
Company Secretary
For further information contact:
Ron Gajewski Chairman
Andrew Beckwith Director
P: +61 8 9380 9098
Carnavale Resources Limited ABN 49 119 450 243
1
Level 2, Suite 9, 389 Oxford Street, Mt Hawthorn, WA, 6016 T + 61 8 9380 9098 F + 61 8 9380 6761 E: [email protected] W : www.carnavaleresources.com