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DOTZ NANO LIMITED — Capital/Financing Update 2017
Aug 7, 2017
64794_rns_2017-08-07_3c18fb79-3637-4dcd-85e5-c67a141f6b2a.pdf
Capital/Financing Update
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- 8 August 2017
Company Announcements Office Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000
COMPLETION OF PLACEMENT AND INFORMATION REQUIRED UNDER ASX LISTING RULE 3.10.5A
Dotz Nano Limited (ASX: DTZ) ( Company ) is pleased to announce it has completed the A$1.5 million placement referred to in its announcement dated 26 July 2017 via the issue of 12,500,000 fully paid ordinary shares at an issue price of A$0.12 per share ( Placement ).
The Company issued the Placement shares via a combination of its available capacity under Listing Rules 7.1 and 7.1A. The Company provides the following information required under ASX Listing Rule 3.10.5A:
- (a) The dilutive effect of the Placement on existing shareholders is as follows:
Number of Shares on issue prior to the Placement: 109,984,802
| Number of Shares on issue prior to the Placement: 109,984,802 | |
|---|---|
| Placement issue under Listing Rule 7.1 (1,501,520 shares) | 1.23% |
| Placement issue under Listing Rule 7.1A (10,998,480 shares) | 8.98% |
| Total dilution as a result of the Placement | 10.21% |
Number of Shares on issue following the Placement: 122,484,802
Details of the approximate percentage of the issued capital following the completion of the Placement held by pre-Placement shareholders and new shareholders are as follows. Please note this information relates specifically in relation to the portion of shares issued under Listing Rule 7.1A (10,998,480 shares):
| Pre-Placement shareholders who did not participate in the Placement | 87.71% |
|---|---|
| Pre-Placement shareholders who did participate in the Placement | 4.67% |
| ParticipantsinthePlacementwhowere previouslynot shareholders | 7.62% |
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(b) The Company issued the shares as a placement under Listing Rule 7.1A as it believed that this was the most efficient mechanism for raising funds at the time as it gives the Company certainty of raising the amount of capital;
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(c) No underwriting arrangements were in place for the Placement; and
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(d) The commission for the Placement is 6% of the total funds raised.
In addition to the Placement, the Company also issued 10,000,000 unquoted options exercisable at $0.20 each and expiring two years from the date of issue to parties assisting with the Placement.
Further information is contained in the Company’s cleansing prospectus lodged with ASIC and ASX on 8 August 2017.
Yours faithfully
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Peter Webse Company Secretary
Dotz Nano Limited ACN 125 264 575 T: +61 8 9486 7244 | A: 108 Outram Street, West Perth WA 6005