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DEVELOP GLOBAL LIMITED — Capital/Financing Update 2013
May 28, 2013
64801_rns_2013-05-28_c96c4285-b2ae-44b9-9a7c-127ad4849db7.pdf
Capital/Financing Update
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----- Start of picture text ----- ASX AnnouncementASX Code: VXRReleased: 29 May 2013For further detailsMichael MulroneyManaging DirectorT: +61 8 6389 7400[email protected]BoardTony KiernanChairmanMichael MulroneyManaging DirectorRay ParryNon-Executive DirectorJim MellonNon-Executive DirectorTrevor HartCompany SecretaryContact DetailsRegistered OfficeLevel 291 Havelock StreetWest Perth WA 6005T: +61 8 6389 7400F: +61 8 9463 7836[email protected]www.venturexresources.comABN: 28 122 180 205----- End of picture text -----
ENTITLEMENT ISSUE UPDATE
The Board of Directors of Venturex Resources Limited (Venturex) wishes to confirm that the Non-Renounceable Entitlement Issue (“Offer”) to raise $5.219 million closed on 27 May 2013. At the close of the Offer, Venturex received valid applications from eligible Shareholders for 109,507,133 available shares equating to 41.96% participation level.
| Maximum number of shares available underthe 2:11 Entitlement issue | 260,974,918 | $5,219,498 |
|---|---|---|
| Number of shares taken up by Shareholders(Entitlements) | 108,834,670 | $2,176,693.40 |
| Number of additional shares taken up byShareholders (in excess of Entitlements) | 672,463 | $13,449.26 |
| Number of shares not taken by Shareholders(Shortfall Shares) | 151,467,785 | $3,029,355.70 |
The 2:11 Entitlement Issue is partially underwritten by the Directors of the Company up to an aggregate amount of 3,000,000 ordinary shares. The Directors will receive no fee in relations to any underwritten shares.
Pursuant to the terms of the Offer, the Directors may at their complete and absolute discretion place some or all of the remaining 151,467,785 Shortfall Shares with any third parties within three months of the close of the Offer, at an issue price of not less than $0.02 per share.
The new Shares are expected to be issued, and holding statements dispatched, on Tuesday 4 June 2013.
MICHAEL MULRONEY Managing Director