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COMPLII FINTECH SOLUTIONS LTD — Capital/Financing Update 2014
May 27, 2014
64639_rns_2014-05-27_485f608d-2a0e-4ac5-b797-638f1056ea00.pdf
Capital/Financing Update
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Resource Star Limited Level 2 Spectrum, 100 Railway Road, Subiaco WA 6008 P. +61 8 9367 8133 F. +61 8 9367 8812 ABN 71 098 238 585
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28 May 2014 RESO0C0R\ASX253
ASX Market Announcements Markets Announcement Platform Australian Securities Exchange SYDNEY NSW 2000
RESOURCE STAR’S NON-RENOUNCEABLE ENTITLEMENT OFFER FINALISED
Resource Star Limited (ASX:RSL) (Resource or the Company) wishes to advise the results of the nonrenounceable entitlement offer (“the Offer”) to raise up to approximately $624,000 (before costs) which opened on 8 April 2014 and closed on 19 May 2014.
All Shares available under the Offer have been taken up through a combination of entitlement applications, shortfall applications and the Underwriting Agreement.
The number of new ordinary shares subscribed by Shareholders was 28,736,050 or 18% of the total available under the Offer. The remaining 127,263,950 Shares are available to the Underwriter.
The Company will use the funds raised under the Rights Issue for:
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Exploration work on Company Tenements;
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Identification of new opportunities; and
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General working capital purposes including paying creditors and meeting the costs of the Offer
The holding statements for the new Shares will be dispatched shortly.
The Company would like to thank the Shareholders for their continuing support.