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CRITICAL RESOURCES LIMITED — Capital/Financing Update 2015
Jul 7, 2015
64708_rns_2015-07-07_e7637215-b1fa-430e-acb2-a98ee4b550e7.pdf
Capital/Financing Update
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ASX Release 8 July 2015
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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 Simon Bird, MD
Non Renounceable Rights Issue Closed – Notification of Under Subscriptions and Placement
Rights Issue
Sovereign Gold Company Limited ( Company) (ASX: SOC ) advises that its 1 for 1 non-renounceable rights issue at $0.002 (Rights Issue) closed at 5pm (AEST) on 3 July 2015.
The following table sets out the number of new shares to be issued to eligible shareholders and GTT Ventures Pty Ltd (the Underwriter) with respect to the Rights Issue:
e. [email protected]
Latest News
Directors / Officers John Dawkins AO Simon Bird, MD Michael Leu Bruce Dennis Jacob Rebek
| Rights Issue Details | No. NewShares | GrossProceeds | Maximum % |
|---|---|---|---|
| Maximum Number of | |||
| Shares that could beissued under the Rights | 396,845,499 | $793,691 | 100% |
| Issue | |||
| Lesstotal acceptances | 226,502,535 | $453,005 | 57% |
| Shortfall to Underwriter | 170,342,964 | $340,686 | 43% |
Placement
ASX: SOC
The Board has agreed to place an additional 159,657,036 new shares through the Underwriter for a total of $328,435 before costs (the Placement).
119,053,650 new shares will be placed under the Company’s capacity under ASX Listing Rule (LR) 7.1.
The balance of the Placement consists of the issue of 40,603,386 new shares under LR 7.1A. The following information is provided pursuant to LR 3.10.5A:
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a) Existing holders of the Company’s securities will be diluted by 4.26% following the issue under LR 7.1A.
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b) The Company issued shares to all shareholders that subscribed under the Rights Issue, including oversubscriptions requested.
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c) The Placement was not underwritten.
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d) A fee of $547.29 was paid on the funds raised under LR 7.1A.
The total amount of capital raised under the Rights Issue and Placement is $1,122,126.49 before costs.
Subject to finalisation, the new shares will be issued and allotted by 10 July 2015 and holding statements will be dispatched to shareholders on 15 July 2015 in accordance with the published timetable.
The relevant Appendix 3B will follow the issue and allotment.
For further information please contact:
Simon Bird, Managing Director or Henry Kinstlinger, Investor Relations
Sovereign Gold Company Limited, Telephone: +61 2 9251 7177