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DGR GLOBAL LIMITED — Capital/Financing Update 2013
Jul 17, 2013
64771_rns_2013-07-17_b0e7c627-70b5-416c-b065-229e11572d96.pdf
Capital/Financing Update
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DGR Global Limited
18 July 2013
Rights Issue Extended
The Board of Directors of DGR Global Limited ACN 052 354 837 ( DGR or the Company ) advises that the closing date for its current fully‐underwritten, non‐renounceable Rights Issue has been extended to 29 July 2013.
The Rights Issue is available for participation on the basis of 1 New Share at an issue price of $0.025 each for every 5 Shares held by eligible shareholders (on the record date of 2 July 2013) to raise gross proceeds of approximately $1,655,300.
The timetable for the closing and completion of the Rights Issue is now as follows:
| New Date | Event(s) |
|---|---|
| 29 July 2013 | Issue Closes |
| 1 August 2013 | Notify ASX of under subscriptions |
| 6 August 2013 | Issue date |
| 7 August 2013 | Normal trading resumes |
The Rights Issue is underwritten by Mather Investments (Qld) Pty Limited (ACN 156 050 752) ( Underwriter ), an entity associated with Mr Nicholas Mather, the Managing Director of DGR. The Underwriters obligations will not arise until after the exhaustion of the Shortfall Facility. Full details of the underwriting arrangements and the potential impact on the Company are outlined in the Offer Booklet published on 24 June and dispatched to shareholders on 8 July 2013.
The funds raised from the Rights Issue will be used to continue the implementation of DGR Global’s long‐ term project generation and investment diversification strategy, to provide general working capital and to fund the costs of the Rights Issue.
Further details of the Offer and DGR Global’s long‐term project generation and investment diversification strategy are outlined in the Offer Booklet, which was mailed to all Eligible Shareholders on 8 July 2013. The Rights Issue is being made without a disclosure document, in accordance with section 708AA of the Corporations Act.
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On Behalf of the Board Karl Schlobohm Company Secretary DGR Global Limited
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DGR Global currently has 331,059,886 shares on issue.
Email: [email protected]
Electronic copies and more information are available on the Company website: www.dgrglobal.com
For further information contact:
Mr Nicholas Mather Managing Director DGR Global Ltd Ph: 07 3303 0680
Karl Schlobohm
Company Secretary, DGR Global Ltd Ph: 07 3303 0680
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