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COMPLII FINTECH SOLUTIONS LTD — Capital/Financing Update 2010
May 17, 2010
64639_rns_2010-05-17_89e88dc2-014f-48d9-b10b-7a5ddb8de54b.pdf
Capital/Financing Update
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ASX Release 18 May 2010
ASX: RSL
Re-Entitlement Option Issue
As outlined in its Prospectus of December 2009, the Board of Directors of Resource Star Limited ( ASX Code: RSL ) is pleased to announce the terms and conditions of the Shareholder Entitlement Option Issue. The Issue was ratified at the May Board Meeting and is proposed to raise approximately A$250,000 which will be applied to exploration activity.
The terms and timeframe for the entitlement will be subject to a Prospectus and will be made on the following basis:
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The Offer will be on the basis of one Option for every two Share held at the Record Date.
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The Subscription Price for the Options will be one cent ($0.01) per Option.
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The Option Exercise Price will be twenty cents ($0.20) per Share.
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Options will have a term of approximately two years, expiring 30 Sep 2012.
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The Record Date and indicative timetable will be released shortly.
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The Prospectus, including entitlement form, will be mailed to Shareholders after the Record date.
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The Offer will be non‐renounceable, meaning that Shareholders will not be able to sell their rights to the Options.
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The Company will apply to have the Options listed on ASX.
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Allegra Capital has been appointed Lead Manager of the issue.
Chairman Andrew Bell said: “The Entitlement Option Issue as stated in the Prospectus was always intended to reward the Shareholders that remained on the Resource Star share register from our March re-listing. We believe the Options will offer Option holders considerable upside when the inherent underlying value returns to Resource Star’s share price.”
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Andrew Bell Chairman
About Resource Star Limited
Resource Star Limited is a publicly-listed Australian company (ASX:RSL) that has interests in uranium exploration assets in the Northern Territory, in Western Australia and in Malawi. These interests are held through Resource Star Limited and through two wholly-owned subsidiaries, Orion Exploration Pty Ltd and Eastbourne Exploration Pty Ltd.
Contact Details Richard Evans Tom Young Andrew Bell Chief Executive Officer Allegra Capital Pty Ltd Chairman Telephone: +61 3 9607 1322 Telephone: +61 8 9321 9888 Telephone: +44 7766 47 48 49
Resource Star Ltd
Level 9, 440 Collins Street, Melbourne VIC 3000 P. +61 3 9607 1322 F. +61 3 9607 1329
www.ResourceStar.com.au ABN 71 098 238 585