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DART MINING NL — Capital/Financing Update 2016
Mar 10, 2016
64792_rns_2016-03-10_0c3c55b0-d490-4e31-9312-eee48fc9b692.pdf
Capital/Financing Update
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6th Floor 412 Collins Street Melbourne, Victoria 3000 Australia Telephone: +61 (0)3 9642 0655 Email: [email protected] Web: www.dartmining.com.au ABN 84 119 904 880
Dart Mining NL Announcement: Share Purchase Plan and Placement
11 March 2016
Dart Mining NL ( Dart ) is pleased to announce a Share Purchase Plan for existing Shareholders and an upcoming placement of Shares to certain Directors.
Share Purchase Plan
Dart is pleased to announce a Share Purchase Plan (“SPP”), allowing every Shareholder to apply for up to $15,000 of additional shares in Dart. The maximum that can be raised under the SPP is $787,571.63. The maximum number of new shares to be issued under the SPP will be 77,977,389 ordinary shares. All new shares will be issued at a price of $0.0101. The record date for participation in the SPP will be Thursday 10 March 2016.
Indicative timetable
| EVENT | DATE |
|---|---|
| Record Date | 7:00pm AEDT Thursday, 10 March 2016 |
| Announcement Date | Friday, 11 March 2016 |
| Offer Date | Friday, 11 March 2016 |
| Closing Date | 5:00pm AEDT Friday, 22 April 2016 or an earlier date if the SPP is over-subscribed |
| Allotment Date | Friday 29 April 2016 |
| Quotation of newly issued SPP Shares on ASX | Monday 2 May 2016 |
| Dispatch of confirmation advice or refunds where applicable |
Within one week from the Allotment Date |
Placement to Directors
The Board also intends to undertake a placement of Shares to certain Directors at the same price as the SPP, subject to Shareholder approval at a General Meeting in the near future.
It is intended that this Placement will raise a further $80,000 and will result in a further 7,920,792 new ordinary shares being issued.
Combined, the Placement (if approved by Shareholders at the General Meeting) and the SPP (if fully subscribed) will result in a total of $867,571.63 raised for working capital requirements, and 85,898,181 new ordinary shares to be issued.
For further information on either of these matters please contact:
James Chirnside
Managing Director Dart Mining NL [email protected] t: (02) 6076 2336