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COKAL LIMITED — Capital/Financing Update 2019
Jul 18, 2019
64656_rns_2019-07-18_c4aac819-84ea-4aac-ab7c-d7c29d9933a4.pdf
Capital/Financing Update
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T +61 2 8319 9299 E [email protected] Level 5, 56 Pitt Street, Sydney NSW 2000 ABN 55 082 541 437
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ASX ANNOUNCEMENT / MEDIA RELEASE 19 July 2019
Extension of Closing Date for Shortfall Offer
Cokal Limited (ASX:CKA, “ Cokal ” or “ the Company ”) advises that in respect of the Company’s fully underwritten non-renounceable entitlement offer of one (1) new share for every eight (8) Cokal shares held, at an issue price of AU$0.05 per new share to raise up to AU$5.1 million before costs (“ Entitlement Offer ”), the Closing Date for the Shortfall Offer has been extended by one week.
The following are the revised indicative dates in respect of the Entitlement Offer:
| Event | Date |
|---|---|
| Settlement of the Entitlement Offer | Friday19 July2019 |
| Issue date of New Shares under the Entitlement | Monday 22 July 2019 |
| **Offer ** | |
| Entitlement Offer New Shares trade on ASX on a | Tuesday 23 July 2019 |
| normal settlement basis | |
| Closing Date for Shortfall Offer | 5:00pm (AWST) Monday 29 July |
| 2019 | |
| **Settlement of the ShortfallOffer ** | Friday2 August 2019 |
| Issue date of ShortfallShares | Monday 5August 2019 |
| Shortfall Shares trade on ASX on a normal | Tuesday 6 August 2019 |
| settlement basis |
The above timetable is indicative only and may change. The Company reserves the right to vary any and all of the dates and times set out above without notice subject to the Listing Rules and the Corporations Act. In particular, the Company reserves the right to close the Entitlement Offer early, extend the Closing Dates or accept late Applications without notifying any recipients of this Prospectus or any Applicants. If the Offer is cancelled or withdrawn before the allocation of New Shares, then all Application monies will be refunded in full (without interest) in accordance with the requirements of the Corporations Act. Investors who wish to submit an Application are encouraged to do so as soon as practicable after the opening date for the Entitlement Offer.
ENDS Further enquiries:
Domenic Martino Non-Executive Chairman E: [email protected]
About Cokal Limited
Cokal (ASX:CKA) is an Australian listed company with the objective of becoming a metallurgical coal producer with a global presence. Cokal has interests in four projects in Central Kalimantan, Indonesia considered prospective for metallurgical coal.
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19 July 2019