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DEVEX RESOURCES LIMITED — Capital/Financing Update 2018
Feb 8, 2018
64768_rns_2018-02-08_b8668154-79e3-456c-9f69-52ef42308799.pdf
Capital/Financing Update
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9 February 2018
Notification of Rights Issue Shortfall
DevEx Resources Limited (“ the Company ”) advises that the recent 1 for 2 non-renounceable Rights Issue at 0.8 cents per share closed on 6 February 2018. The results of the Rights Issue is as follows:
| Total number of Shares on Offer | 355,251,190 |
|---|---|
| Total number of Shares applied for | 160,248,644 |
| Shortfall numberofShares | 195,002,546 |
Subject to clearance of funds, the total funds raised for the Rights Issue was $1,281,989 before costs, the shortfall balance of $1,560,022 may be placed at the discretion of the Directors within the next 3 months.
Allotment of shares is expected to occur on or about 13 February 2018.
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Brendan Bradley Managing Director
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----- Start of picture text ----- www.devexresources.com.auT: +61 (0) 8 9322 3990 DevEx Resources LimitedF: +61 (0) 8 9322 5800 Level 2, 1292 Hay Street, West Perth WA 6005, AustraliaE: [email protected] GPO Box 2980, Perth WA 6001----- End of picture text -----