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CASTLE MINERALS LIMITED — Capital/Financing Update 2017
Oct 22, 2017
64635_rns_2017-10-22_2bd6788b-916e-4713-a3c6-cbab08c6ab38.pdf
Capital/Financing Update
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23 October 2017
INFORMATION REQUIRED UNDER LISTING RULE 3.10.5A
Further to the Appendix 3B lodged today for the issue of 35,000,000 fully paid ordinary shares at 3.5 cents per share in a placement to private investors (‘Placement’), the Company provides the following information required under ASX Listing Rule 3.10.5A.
The dilutive effect of the Placement on existing shareholders is as follows:
| Placement issue under ListingRule 7.1A(shares) | 8% |
|---|---|
| Placement issue under ListingRule 7.1(shares) | 9% |
| Total dilution as a result of Placement | |
| 17% |
Details of the approximate percentage of the issued capital following completion of the Placement held by pre-Placement shareholders and new shareholders are as follows. Please note this information relates specifically in relation to the portion of shares issued under listing rule 7.1A (17,000,000 shares).
| Pre-Placement shareholders who did not participate in the | 100% |
|---|---|
| Placement | |
| Pre-Placement shareholders who didparticipate in the Placement | 0% |
| Participants in the Placement who were not previously | 100% |
| shareholders |
The Company issued the shares as a placement under listing rule 7.1A as it was of the view that this was the most efficient mechanism for raising funds at the time.
There was no underwriter to the Placement. The Company will pay a commission of 5% on part of the funds raised.
Suite 2, 11 Ventnor Avenue, West Perth WA 6005 PH: +618 9322 7018 E: [email protected] www.castleminerals.com ACN 116 095 802