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COMPLII FINTECH SOLUTIONS LTD — Capital/Financing Update 2013
Mar 14, 2013
64639_rns_2013-03-14_f585082c-d168-498b-b657-79c56414fb9c.pdf
Capital/Financing Update
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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
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15 March 2013 RESO0C0R\ASX983
ASX Market Announcements Markets Announcement Platform Australian Securities Exchange SYDNEY NSW 2000
RESULTS OF SHARE PURCHASE PLAN OFFER
Resource Star Limited ( Resource Star or the Company ) advises that the Share Purchase Plan ( SPP ) offer sent to Shareholders on 16 January 2013 closed on the extended date of 8 March 2013.
A total of 7,333,333 Shares to the value of $110,000 was applied for, representing a take-up of 21.57% by Shareholders.
As per the terms and conditions of the Share Purchase Plan the Board will now use its discretion to place the 26,666,667 Shortfall Shares. The Board can see no reason why it will not be able to place the Shortfall during the next three (3) month period and will keep the market updated as to its progress.
Under the Plan up to $510,000 can be raised and it is anticipated that the receipt of these funds in total will put Resource Star in a position to:
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fund ongoing exploration expenditure;
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review the acquisition of new assets and projects;
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pay the costs of the capital raising; and
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general working capital requirements
All applicants under the SPP will receive the Shares equivalent to their full application amount and Holding Statements will be dispatched shortly to Shareholders in accordance with the timetable.
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Eryn Kestel Company Secretary