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CONICO LTD — Capital/Financing Update 2018
Jul 30, 2018
64678_rns_2018-07-30_070dc2c5-be18-4c73-88f3-135e154f835f.pdf
Capital/Financing Update
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ACN 119 057 457
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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
31 JULY 2018
PRO-RATA NON-RENOUNCEABLE RIGHTS ISSUE
Conico Ltd ( Conico ) intends to undertake a fully underwritten non-renounceable pro-rata rights offer to Conico shareholders to raise approximately $1,213,100 (the Offer). The Offer will be open to all Conico shareholders who are on the register as at 5.00pm WST on 16 August 2018* (the Record Date ) and who have a registered address in Australia or New Zealand.
Under the Offer, Conico will make an offer to all eligible shareholders of one (1) fully paid ordinary Conico share for every eight (8) fully paid ordinary Conico shares held as at the Record Date, at a price of $0.03 per share, together with one (1) free attaching Conico option for every one (1) share issued under the Offer (each to acquire one fully paid ordinary Conico share at an exercise price of $0.048 per share at any time up to and including 30 June 2021) .
The anticipated Timetable * for the Offer is as follows:
| cipated Timetable_*_for the Offer is as follows: | |
|---|---|
| Offer announcement | 31 July 2018 |
| Lodgement of disclosure document and Appendix 3B with ASX | 7 August 2018 |
| Notice sent to shareholders | 9 August 2018 |
| Ex date | 15 August 2018 |
| Record Date for determining entitlements | 16 August 2018 |
| Offer document despatched to eligible shareholders | 20 August 2018 |
| Closing date of the Offer | 3 September 2018 |
| Securities quoted on a deferred settlement basis | 4 September 2018 |
| Company notifies ASX of under subscriptions | 6 September 2018 |
| Issue Date | 7 September 2018 |
The funds will be used towards funding the Mt Thirsty pre-feasibility study and for general working capital.
* - The above dates are indicative only and are subject to change.
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Gregory H Solomon Chairman
______________________________________________________________________________________________________________ Level 15, 197 St George’s Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Website: www.conico.com.au