AI assistant
CAZALY RESOURCES LIMITED — Capital/Financing Update 2009
May 10, 2009
64609_rns_2009-05-10_bc420893-9ba6-4925-b291-e38d09fda84d.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [200 x 91] intentionally omitted <==
11 May 2009 Dear Optionholder
NON RENOUNCEABLE PRO RATA OFFER OF SHARES
The Directors of Cazaly Resources Limited have resolved that the Company will make a pro rata non-renounceable offer of up to 21,739,960 shares at an issue price of 16.5 cents per share (New Shares) with one free attaching option for every two New Shares issued exercisable at twenty (20) cents on or before 28 February 2011 (New Options).
The Offer will be made to Cazaly Resources shareholders on a basis of one (1) New Share for every three (3) Shares held at 5.00pm WST on 22 May 2009 (Record Date).
All holders of ordinary shares in the Company are entitled to participate in the Offer.
As an optionholder in the Company, you are not entitled to participate in the Offer. However, should you exercise your options prior to the Record Date, the shares issued as a result of the exercise will be eligible to participate in the Offer.
The last closing market sale price of the Shares on ASX on the last day that trading took place in the Shares prior to the date of this letter was $0.18.
The ASX has previously approved the timetable for the non-renounceable pro-rata offer of New Shares and New Options by the Company. The Company is pleased to announce the important dates for the offer are as follows:
| Lodgement of Prospectus | 11 May2009 |
|---|---|
| ‘Ex’ Date | 18 May2009 |
| Record Date | 22 May2009 |
| Acceptance closes at 5pm WST | 12 June 2009 |
Applicants should consult their brokers or professional advisors in regards to the definition of ‘Ex’ Date and Record Date to ensure that their entitlement to participate in the offer is assured.
The Company intends to lodge a Prospectus for the Offer at the Australian Securities & Investment Commission on or before 11 May 2009. The Prospectus will be mailed to each shareholder registered in the share register on the Record Date. Each shareholder’s entitlement under the Offer will be set out in the Entitlement and Acceptance Form that will accompany the Prospectus.
The Company will apply for official quotation of the New Shares and New Options issued under the Prospectus.
Yours sincerely
Nathan McMahon Managing Director