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DART MINING NL — Capital/Financing Update 2016
Apr 14, 2016
64792_rns_2016-04-14_6deddb00-8809-4674-9c5d-0b9d27f02066.pdf
Capital/Financing Update
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6th Floor 412 Collins Street Melbourne, Victoria 3000 Australia Telephone: +61 (0) 2 6076 2336 Email: [email protected] Web: www.dartmining.com.au ABN 84 119 904 880
Friday, 15[th] April, 2016
Dear Dart Mining Shareholder,
You may be aware that Dart Mining recently announced a Share Purchase Plan (SPP) offer to existing shareholders. As a shareholder you should have received the offer documents by mail already. These can also be downloaded from our website www.dartmining.com.au if you prefer.
The purpose of this communication is to summarise the rationale for making such an offer and to alert you to the pending closure date of the SPP offer period.
Summary Timetable
Offer Date Friday 11 March 2016 Closing Date Friday 22 April 2016 Allotment Date Friday 29 April 2016 ASX Quotation Date Monday 2 May 2016 Subscription Price : $0.0101 per share
Shareholder Entitlement
Each shareholder is entitled to apply for up to $15,000 dollars’ worth of shares - subject to scale-back and depending on demand. In the event of any shortfall it may also be possible to place shortfall stock with shareholders who express an interest in taking such a placement.
Proceeds from the SPP offer will be used for further development work around the company’s gold prospects in the Mountain View project. As previously flagged we have significantly reduced the running costs of the company and where possible money is priority-allocated to asset development rather than administration.
We would welcome the opportunity to speak with you directly and encourage you to get in touch with either James Chirnside or Luke Robinson on the phone numbers and email address’ below. Alternatively leave a message at our Corryong office on (02) 6076 2336 and we will return your call.
James Chirnside Luke Robinson Managing Director Director Ph. mobile 0419 605 842 Ph. mobile 0458 632 740 Email [email protected] Email [email protected]