AI assistant
COMPLII FINTECH SOLUTIONS LTD — Capital/Financing Update 2012
Mar 25, 2012
64639_rns_2012-03-25_09255f1a-31c0-4688-a049-3f85d7327766.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Resource Star Limited 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
==> picture [71 x 92] intentionally omitted <==
26 March 2012 RESO0C0R\ASX253
ASX Market Announcements Markets Announcement Platform Australian Securities Exchange SYDNEY NSW 2000
RESOURCE STAR’S NON-RENOUNCEABLE ENTITLEMENT OFFER SUCCESSFULLY FINALISED
Resource Star Limited (ASX code “RSL”) is pleased to advise that its one (1) for one (1) non-renounceable Entitlement Offer (“the Offer”) as announced on 2 February 2012 has been finalised with strong support from its Shareholders.
All Shares available under the Offer have been taken up through a combination of Entitlement subscriptions, Shortfall Applications and the Underwriting Agreement with Red Rock Resources PLC (“ Red Rock ”).
The number of new ordinary shares subscribed by Shareholders was 23,829,372 or 42% of the total available under the Offer. The remaining 33,098,810 Shares have been taken up as follows:
-
18,098,810 Shares by Red Rock as per the Underwriting Agreement; and
-
15,000,000 Shares by an existing Substantial Shareholder.
The 15,000,000 Shares taken up by the Substantial Shareholder, are pursuant to a Shortfall Placement that is due for completion on 24 April 2012.
The Offer raised approximately $1.14 million and the Company will use these funds to
-
Repay the short term funding from Red Rock;
-
Undertake ongoing exploration activity in Malawi, Western Australia and the Northern Territory;
-
• Meet expenses of the offer; and
-
Provide working capital
The holding statements for the new Shares will be dispatched according to the time-table already advised.
The Company would like to thank the Shareholders for their continuing support.