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DATELINE RESOURCES LIMITED — Capital/Financing Update 2015
Nov 11, 2015
64793_rns_2015-11-11_8b599b41-39ef-4cfc-a819-8380fa2dc706.pdf
Capital/Financing Update
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12 November 2015
Company Announcements Office Australian Securities Exchange Limited Exchange Centre 20 Bridge Street Sydney NSW 2000
COMPLETION OF ACQUISITION OF GOLDEN PHOENIX RESOURCES AND ISSUE OF SHARES
As announced on 16 October 2015, Dateline Resources Limited ( Company or Dateline ) confirmed that completion of the acquisition of 99.76% of the share capital of Golden Phoenix Resources Limited ( Golden Phoenix ) had taken place. Dateline is pleased to announce that the remaining shares in Golden Phoenix have now been acquired and as a result, Golden Phoenix is now a 100% owned subsidiary of Dateline.
Issue of consideration shares
The Company confirms that the following securities have been issued on completion of the acquisition of Golden Phoenix:
-
an aggregate of 15,000,642 fully paid ordinary shares in the Company were issued to the previous non-related shareholders of Golden Phoenix;
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4,999,887 fully paid ordinary shares in the Company were issued to Omaroo Pty Ltd, the trustee of the Hall Family Trust ( Hall Trust ), which is related to a director of the Company, Mr Greg Hall; and
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4,999,887 fully paid ordinary shares in the Company were issued to Ma Lan Pty Ltd, the trustee of the Laffan Family Trust ( Laffan Trust ), which is related to a director of the Company, Mr Greg Hall.
The issue price for the shares was $0.05 per share
Following the issue of the above shares, the Company currently has 101,300,416 ordinary shares on issue share capital structure is as follows:
| Type of Shareholder | No. of Shares | % of total |
|---|---|---|
| number of | ||
| Shares | ||
| Datelineshareholders pre Golden Phoenix | 76,300,000 | 75.36% |
| Non-related Golden Phoenix shareholders (or | 15,000,642 | 14.76% |
| their nominees) | ||
| Hall Trust | 4,999,887 | 4.94% |
| Laffan Trust | 4,999,887 | 4.94% |
| Total | 101,300,416 | 100% |
Dateline Resources Limited (ACN 152 582 217) Level 4, 20 Loftus Street, Sydney, NSW 2000
www.datelineresources.com.au [email protected]
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Despatch of Holding Statements
Despatch of the remaining holding statements in respect of the new share issue is in progress and will be completed by Friday 13 November 2015.
Restricted Securities
The Company confirms that the shares issued to the Hall Trust and the Laffan Trust will be subject to escrow restrictions 12 months from the 16[th] October 2015.
Revised Appendix 3B
A revised Appendix 3B confirming the issue of the above shares will follow this announcement.
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John Smith Company Secretary
Dateline Resources Limited (ACN 152 582 217) Level 4, 20 Loftus Street, Sydney, NSW 2000