AI assistant
DIGITALX LIMITED — Capital/Financing Update 2010
Aug 8, 2010
64762_rns_2010-08-08_aae79f51-23ee-458e-a20a-c5fb7a5d3c40.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [176 x 79] intentionally omitted <==
ASX Announcement
9 August 2010
The Manager Company Announcements Office ASX Ltd 4th Floor, 20 Bridge Street SYDNEY, NSW 2000
Dear Sir,
VERUS ANNOUNCES PRIVATE PLACEMENT
Verus Investments Ltd (“Verus” or the “Company”) is pleased to announce that it will raise up to $551,250 before costs through a private placement of shares to professional and sophisticated investors.
Verus proposes to issue up to 26.25 million shares at an issue price of 2.1 cents per share.
The placement, which is being undertaken pursuant to S708 of the Corporations Act (Cwth) 2001, falls within the Company’s 15% placement capacity under ASX Listing Rule 7.1 and is not subject to shareholder approval.
The Verus Board considers it prudent to raise additional capital at this time. The placement will be allocated for development costs with the Bongo Prospect in Wharton County, Texas, and for working capital and general corporate purposes.
For further information in respect of the Company’s activities, please contact:
| Mr. Andrew McIlwain | Mr. Nathan Ryan | Mr. CraigNelmes |
|---|---|---|
| Chairman | NWR Communications | Finance & Administration |
| Investor Relations | ||
| Tel:(+61 3)9817 5067 | Tel:(+61 0)420 582 887 | Tel:(+61 8)9240 8645 |
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 8645 Fax: +61 (0)8 9240 2406 Email: [email protected] Web: www.verus.com.au
Page 1 of 1