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DIGITALX LIMITED — Capital/Financing Update 2009
Jul 30, 2009
64762_rns_2009-07-30_2f5c6609-488f-4d06-88f3-b726ad0f7da6.pdf
Capital/Financing Update
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ASX Announcement
RIGHTS ISSUE NOTICE UNDER SECTION 708AA (2) (f) OF THE CORPORATIONS ACT 2001
VERUS INVESTMENTS (THE “COMPANY”) IS TO UNDERTAKE A NONRENOUNCEABLE RIGHTS ISSUE OF 238,794,160 ORDINARY SHARES (“SHARES”) TO ITS MEMBERS (THE “ISSUE”) ON THE BASIS OF AN ENTITLEMENT TO SUBSCRIBE FOR ONE ORDINARY SHARE FOR EVERY ONE ORDINARY SHARE HELD AS AT THE RECORD DATE OF WEDNESDAY, 12 AUGUST 2009 WITH EACH SUCH SHARE BEING ISSUED AT AN ISSUE PRICE OF 0.3 CENTS TO RAISE APPROXIMATELY $716,382.
The Company states that it will offer the shares for issue without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (the “Act”) and states that this notice is given to ASX under paragraph 708AA(2)(f) of the Act in compliance with the requirements of sub-section 708AA(7) of the Act.
The Company advises:
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the Company will offer Shares for issue without disclosure to investors under Part 6.2D of the Act;
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the shares are in a class of securities, being fully paid ordinary shares, that are quoted securities at the time at which the offer will be made;
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as at the date of this notice the Company has complied with the provisions of :
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a. Chapter 2M of the Act as they apply to the Company
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b. Section 674 of the Act
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As at the date of this notice there is no excluded information being information:
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a. that has been excluded from a continuous disclosure notice in accordance with the Listing Rules of ASX; and
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b. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
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i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
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ii. the rights and liabilities attaching to the shares or generally to the ordinary shares in the capital of the Company.
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Office Address: Ground Floor, 30 Ledgar Road, Balcatta, Western Australia 6021 Postal Address: PO Box 717, Balcatta, Western Australia 6914
Phone: +61 (0)8 9240 2836 Fax: +61 (0)8 9240 2406 Email: [email protected] Web: www.verus.com.au
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The potential effect the Issue will have on the control of the Company is as follows:
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a. If all members take up their entitlements under the offer then the Issue will have no effect on the control of the Company;
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b. If all members do not take up their entitlements under the offer then the Issue may have an effect on control of the Company. The Company will, in the event of a shortfall, ensure that on allotment of any shortfall shares no shareholder will acquire a relevant interest in the Company’s voting shares such that it has voting power in the Company of more than 19.99%.
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Dated this 31st day of July 2009
By order of the board
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Andrew McIlwain Chairman Verus Investment Limited
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