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CRITICAL RESOURCES LIMITED — Capital/Financing Update 2014
Jun 18, 2014
64708_rns_2014-06-18_bb98159e-ee3d-4a12-833c-c3d544fb9355.pdf
Capital/Financing Update
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ASX Release 19 June 2014
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Sovereign Gold Company Limited ACN 145 184 667
Level 2, 131 Macquarie Street Sydney NSW 2000 Tel: +61 2 9251 7177 Fax: +61 2 9251 7500
Contact Michael Leu CEO
email: [email protected]
Latest News
Directors / Officers John Dawkins AO Michael Leu Julian Malnic Peter Meers Jacob Rebek
ASX Symbol: SOC
$1 million of SPP underwritten by Hudson Investment Group
Sovereign Gold Company Limited (Sovereign Gold) (ASX: SOC) is pleased to announce that, following discussions with Hudson Investment Group Limited (ASX: HGL) (Hudson), Hudson have agreed to underwrite the first $1 million of the recently announced Share Purchase Plan (refer ASX release dated 17[th] June, 2014).
Any shortfall from the first $1 million of the SPP Offer will be issued to the Underwriter or sub- underwriters nominated by the Underwriter from Sovereign Gold’s 15% placement capacity under ASX Listing Rule 7.1, or as otherwise approved by the Sovereign Gold’s shareholders.
Full details of the SPP, including the underwriting terms and conditions will be included in the SPP offer documents to be sent to eligible shareholders on 23 June 2014.
SPP Summary
The Offer price will be the lower of 4 cents or a 10% discount to the volume-weighted average price of SOC shares traded on the Australian Securities Exchange (ASX) over the 5 trading days up to and including the day on which the Offer is scheduled to close (23 July 2014), rounded down to the nearest one tenth of one cent.
The maximum price that eligible shareholders will pay is 4 cents per New Share.
Shareholders can purchase shares totalling up to $15,000.
Shares issued under the SPP will rank equally with existing shares.
Indicative Dates
| Record Date | 16 June 2014 |
|---|---|
| Announcement of the Share PurchasePlan | 17 June 2014 |
| Documents mailed to EligibleShareholders | 23 June 2014 |
| Openingdate for acceptances | 23 June 2014 |
| Closing date for acceptances | 23 July 2014 |
| Allotment and issue of New Shares | 30 July2014 |
| Quotation of New Shares on ASX | 30 July 2014 |
| Despatch of shareholder statements | 30 July 2014 |
For further information please contact:
Investor Relations, Henry Kinstlinger Sovereign Gold Company Limited Telephone: +61 2 9251 7177