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DIGITALX LIMITED Capital/Financing Update 2007

Aug 8, 2007

64762_rns_2007-08-08_9ffbf192-b970-4996-ad5f-c8650fb3276a.pdf

Capital/Financing Update

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VERUS INVESTMENTS LIMITED ABN 59 009 575 035

9 August 2007

Company Announcement Office Australia Stock Exchange Limited Exchange Centre Level 4, 20 Bridge Street SYDNEY NSW 2000

Dear Sir / Ms

Verus Investment Limited – Non Renounceable Rights Issue

Verus Investment Limited today lodged a prospectus ("Prospectus") with the Australian Securities and Investments Commission for a non renounceable rights issue of 2 New Options exerciseable at $0.10 cents on or before 30 June 2010 at an issue price of $0.002 each for every 3 Shares held in Verus Investment Limited, with fractions rounded up to nearest whole number of New Options.

A copy of the Prospectus together with the Entitlement and Acceptance Form will be mailed to all share holders no later than 27 August 2007.

The rights issue is seeking to raise approximately $318,392 (before costs of the issue). The purpose of the issue is to pay the costs of the issue and raise working capital.

Summary of Key Information

Type of offer: Non renounceable rights issue of 159,196,107 Options to Shareholders as at the Record Date. Exercise price: $0.10 per Option at issue price of $0.002. Issue Price: $0.002 per New Option

Proposed Timetable

Prospectus date: 09 August 2007 Record Date: 23 August 2007 Prospectus mailing date: 27 August 2007 Offer closes: 12 September 2007 Allotment of New Shares: 20 September 2007

Level 15, 25 Bligh Street Sydney NSW 2000 Ph: +61 2 9233 2520 Fax: +61 02 9233 2530

VERUS INVESTMENTS LIMITED ABN 59 009 575 035

The non‐renounceable rights issue is only being extended to shareholders with registered addresses in Australia and New Zealand, and only those shareholders will be offered entitlements. If you have any queries, please contact the Verus Investments Limited share register on 1300 850 505 or if dialing from outside of Australia 61 3 9615 5970.

Yours sincerely

==> picture [150 x 65] intentionally omitted <==

Dean L Gallegos Chairman

Level 15, 25 Bligh Street Sydney NSW 2000 Ph: +61 2 9233 2520 Fax: +61 02 9233 2530

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

VERUS INVESTMENTS LIMITED

ABN

59 009 575 035

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1
+Class of+securities issued or to be
issued
2
Number of+securities issued or to
be issued (if known) or maximum
number which may be issued
3
Principal terms of the+securities
(eg, if options, exercise price and
expiry
date;
if
partly
paid
+securities, the amount outstanding
and due dates for payment; if
+convertible
securities,
the
conversion price and dates for
conversion)
OPTIONS
159,196,107
THE OPTIONS ARE EXERCISABLE AT
$0.10 ON OR BEFORE 30 JUNE 2010
  • See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 1

Appendix 3B New issue announcement

  • 4 Do the[+] securities rank equally in all N/A respects from the date of allotment with an existing[+] class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

  • • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

  • 5 Issue price or consideration $0.002 6 Purpose of the issue TO PAY THE COSTS OF THE ISSUE AND (If issued as consideration for the FOR WORKING CAPITAL acquisition of assets, clearly identify those assets)

  • 7 Dates of entering[+] securities into 20 SEPTEMBER 2007 uncertificated holdings or despatch of certificates Number +Class

  • 8 Number and +class of all 238,794,160 ORDINARY +securities quoted on ASX SHARES ( including the securities in clause 2 if applicable) 159,196,107 OPTIONS

  • See chapter 19 for defined terms.

24/10/2005

Appendix 3B Page 2

Appendix 3B New issue announcement

9
Number
and
+class
of
all
+securities not quoted on ASX
(_including_the securities in clause
2 if applicable)
10
Dividend policy (in the case of a
trust, distribution policy) on the
increased capital (interests)
Number +Class
N/A
OPTION HOLDERS DO NOT PARTICIPATE
IN DIVIDENDS UNLESS THE OPTIONS
ARE EXERCISED AND THE RESULTANT
SHARES ARE ISSUED PRIOR TO THE
RECORD
DATE
TO
DETERMINE
ENTITLEMENTSTOTHE DIVIDEND

Part 2 - Bonus issue or pro rata issue

11
Is
security
holder
approval
required?
12
Is the issue renounceable or non-
renounceable?
13
Ratio in which the+securities will
be offered
14
+Class of+securities to which the
offer relates
15
+Record
date
to
determine
entitlements
16
Will holdings on different registers
(or subregisters) be aggregated for
calculating entitlements?
17
Policy for deciding entitlements in
relation to fractions
18
Names of countries in which the
entity has+security holders who
will
not
be
sent
new
issue
documents
Note: Security holders must be told how their
entitlements are to be dealt with.
Cross reference: rule 7.7.
NO
NON-RENOUNCEABLE
TWO (2) OPTIONS FOR EVERY THREE (3)
SHARESHELD
ORDINARY SHARES
23 AUGUST 2007
N/A
FRACTIONAL ENTITLEMENTS WILL BE
ROUNDED UP
HONG KONG, PHILIPPINES, AUSTRIA,
SWIZERLAND, GERMANY, FRANCE,
HUNGARY & SOUTH AFRICA
  • See chapter 19 for defined terms.

Appendix 3B Page 3

1/1/2003

Appendix 3B New issue announcement

19
Closing
date
for
receipt
of
acceptances or renunciations
20
Names of any underwriters
21
Amount of any underwriting fee or
commission
22
Names of any brokers to the issue
23
Fee or commission payable to the
broker to the issue
24
Amount
of any handling fee
payable to brokers who lodge
acceptances or renunciations on
behalf of+security holders
25
If the issue is contingent on
+security holders’ approval, the
date of the meeting
26
Date entitlement and acceptance
form and prospectus or Product
Disclosure Statement will be sent to
persons entitled
27
If the entity has issued options, and
the terms entitle option holders to
participate on exercise, the date on
which notices will be sent to option
holders
28
Date rights trading will begin (if
applicable)
29
Date rights trading will end (if
applicable)
30
How do+security holders sell their
entitlements_in full_through a
broker?
31
How do+security holders sell_part_
of their entitlements through a
broker and accept for the balance?
12 SEPTEMBER 2007
N/A
N/A
N/A

N/A
N/A
N/A
13 AUGUST 2007
N/A
N/A
N/A
N/A
N/A
  • See chapter 19 for defined terms.

Appendix 3B Page 4

1/1/2003

Appendix 3B New issue announcement

  • 32 How do[+] security holders dispose of their entitlements (except by sale through a broker)?

N/A

  • 33 +Dispatch date

20 SEPTEMBER 2007

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

  • 34 Type of securities ( tick one )

  • (a)[Securities described in Part 1 ]

  • (b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

  • 35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

  • 36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories

1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

  • 37 A copy of any trust deed for the additional[+] securities
  • See chapter 19 for defined terms.

Appendix 3B Page 5

1/1/2003

Appendix 3B New issue announcement

Entities that have ticked box 34(b)

38
Number of securities for which
+quotation is sought
39
Class of
+securities for which
quotation is sought
40
Do the+securities rank equally in all
respects from the date of allotment
with an existing+class of quoted
+securities?
If the additional securities do not
rank equally, please state:
• the date from which they do
• the
extent
to
which
they
participate for the next dividend,
(in
the
case
of
a
trust,
distribution) or interest payment
• the extent to which they do not
rank equally, other than in
relation to the next dividend,
distribution or interest payment
41
Reason for request for quotation
now
Example: In the case of restricted securities, end of
restriction period
(if issued upon conversion of
another security, clearly identify that
other security)
42
Number and+class of all+securities
quoted on ASX (_including_the
securities in clause 38)
Number +Class
  • See chapter 19 for defined terms.

Appendix 3B Page 6

1/1/2003

Appendix 3B New issue announcement

Quotation agreement

  • 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

  • 2 We warrant the following to ASX.

  • The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

  • There is no reason why those[+] securities should not be granted[+] quotation.

  • An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

  • Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

  • If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

  • 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

  • 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here:

==> picture [150 x 65] intentionally omitted <==

Date: 9 AUGUST 2007

(Director)

Print name: DEAN LLOYD GALLEGOS

== == == == ==

  • See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 7