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CLARA RESOURCES AUSTRALIA LTD — Capital/Financing Update 2013
Aug 20, 2013
64598_rns_2013-08-20_0c990ef7-f908-4961-9f33-0c267eede081.pdf
Capital/Financing Update
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ASX Announcement
21 August 2013
Fully Underwritten Non-renounceable Rights Issue Extended
AusNiCo Limited ACN 122 957 322 ( AusNiCo or the Company ) advises that the closing date for its fully underwritten 2:5 non‐renounceable rights issue (Rights Issue) has been extended by one week from 29 August 2013 to Thursday 5 September 2013 .
The Company intends that the funds raised from the Rights Issue will be used to progress development of the Taronga Tin Project, carry‐out work across the Company’s exploration portfolio, provide working capital, satisfy outstanding Director and CEO fees and pay the costs of the Rights Issue.
The updated timetable for the remainder of the Rights Issue is set out in the table below:
| Closing Date of Entitlement Offer (5:00pm AEST) | 5 September 2013 | |
|---|---|---|
| Trading on deferred settlement basis commences | 6 September 2013 | |
| Shortfall Notification Date (date by which notification of any Shortfall | 9 September 2013 | |
| given to Underwriter) | ||
| ASX notified of under subscriptions (no more than 3 business days after | 9 September 2013 | |
| Closing Date) | ||
| Settlement of shortfall shares | 12 September 2013 | |
| Allotment Date ‐ expected date of allotment of the New Shares issued | 13 September 2013 | |
| under the Entitlement Offer and the Shortfall Share Offer (if any) | (at the latest) | |
| Normal trading begins | 16 September 2013 | |
| Despatch Date ‐ expected date of despatch of New Shares holding | 17 September 2013 | |
| statements under the Entitlement Offer and the Shortfall Share Offer (if | (at the latest) | |
| any), and deferred settlement trading ends |
This timetable is may be subject to change subject to the requirements of the Corporations Act and the ASX Listing Rules.
The Directors of AusNiCo encourage all Eligible Shareholders to participate in the capital raising.
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On behalf of the Board KM Schlobohm Company Secretary
For further information contact:
Mr Peter Williams CEO, AusNiCo Limited Ph: 07 3303 0611
Karl Schlobohm Company Secretary, AusNiCo Limited Ph: 07 3303 0680
Electronic copies and more information are available on the Company website: www.ausnico.com.au
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