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DEVEX RESOURCES LIMITED — Capital/Financing Update 2014
Sep 7, 2014
64768_rns_2014-09-07_0273ab1d-1f46-4b09-b0fa-8f88714410d5.pdf
Capital/Financing Update
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8 September 2014
ASX Market Announcements Office via electronic lodgement
Placement of Rights Issue Shortfall
Uranium Equities Limited (ASX: UEQ ) is pleased to advise that it has reached agreement to place the remaining shortfall under the 1 for 3 non-renounceable rights issue, announced on 18 July 2014, to sophisticated investors.
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This is a successful conclusion to the capital raising with a total $1,463,129 before costs received through the rights issue and earlier placement.
Subject to receipt of funds, the Company will issue 26,195,985 shares at 1 cent per share to raise $261,959.85 before costs.
Allotment of shares is expected to occur on or about Wednesday 10[th] September 2014, taking the total number of shares on issue to 450,251,704. A broker commission of 5% of the amount raised will be payable.
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ASX: UEQ
Tim Goyder Executive Chairman
HEAD OFFICE
22B Beulah Road Norwood, SA 5067 T: +61 8 8110 0700 F: +61 8 8110 0777 E: [email protected]
PERTH OFFICE
Level 2, 1292 Hay Street West Perth, WA 6005 GPO Box 2890 Perth, WA 6001 T: +61 8 9322 3990 F: +61 8 9322 5800
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