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DIGITALX LIMITED — Capital/Financing Update 2009
Jul 22, 2009
64762_rns_2009-07-22_e0a75bfb-582a-449e-ae4e-2c2257943dce.pdf
Capital/Financing Update
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ASX Announcement
23rd July 2009
The Manager Company Announcements Office ASX Ltd 4th Floor, 20 Bridge Street SYDNEY, NSW 2000
Dear Sir,
NON-RENOUNCEABLE ENTITLEMENT OFFER
The Directors of Verus Investments Limited (ASX: VIL) (“Verus” or “Company”) are pleased to announce that the Company intends to conduct a non-renounceable pro rata entitlement issue of one share for every one ordinary share held, at a price of 0.3 cents.to raise approximately $716,382 before costs (“Entitlement Issue”).
The Company is continuing to identify new investment opportunities and intends to direct these funds toward one or more potential investments as well as for working capital and general corporate purposes. The Company expects that the improving economic climate will assist in providing the Board with opportunities to consider for investment.
The Company has appointed Alto Capital as Lead Manager to the Offer.
The Company intends to conduct the Entitlement Issue without a prospectus in accordance with the streamlined provisions of the Corporations Act 2001 (Cth). Shareholder approval for the Entitlement Issue is not required.
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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Key dates in relation to the Entitlement Offer are noted in the table (*) below:
| Lodgement of Offer Document, Appendix 3B and Cleansing Noticewith ASX | Friday 31 July 2009 |
|---|---|
| Notice sent to shareholders containing Appendix 3B details andindicative timetable | Wednesday 5 August 2009 |
| Shares commence trading ex Entitlement basis | Thursday 6 August 2009 |
| Record Date for determining Entitlements of shareholders | Wednesday 12 August 2009 |
| Offer Document despatch date and Opening Date | Friday 14 August 2009 |
| Closing Date for receipt of Entitlement and Acceptance forms andpayment (5.00pm) | Friday 28 August 2009 |
| Deferred settlement period commences | Monday 31 August 2009 |
| Shortfall notification to ASX of under subscriptions (last date) | Wednesday 2 September 2009 |
| Allotment Date – allotment of shares | Friday 4 September 2009 |
| Despatch date – deferred settlement trading ends | Monday 7 September 2009 |
*The Company reserves the right to amend this timetable including, subject to the Corporations Act 2001 and the ASX Listing Rules, to extend the closing date.
Existing Option holders
Pursuant to the terms of the options that were issued to you, the Company is required to notify you of your right to participate in any pro rata issue of securities if you exercise your options prior to the record date for the pro rata issue.
There is no inherent right in your options to participate in the Entitlement Issue unless you exercise your options and are entered onto the Share Register as a Registered Shareholder on or before the Record Date.
Accordingly, the Company hereby gives notice that in order to participate in the Entitlement Issue you will need to exercise your options prior to the record date for the Entitlement Issue.
Yours faithfully
Andrew McIlwain Chairman
For further information, contact either;
Mr. Andrew McIlwain (03) 9817 5067, or Mr Paul Jurman (08) 9240 2836, or Mr Craig Nelmes (08) 9240 2836
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