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EAGLE MOUNTAIN MINING LIMITED — Capital/Financing Update 2018
Oct 4, 2018
64839_rns_2018-10-04_7e2316d7-1b41-4748-a9b0-fd644d2dd404.pdf
Capital/Financing Update
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A S X A n n o u n c e m e n t | D a t e 5 O c t o b e r 2 0 1 8
Non-Renounceable New Option Entitlement Offer Closed
Eagle Mountain Mining Limited (ASX:EM2) (“ Eagle Mountain ”) advises that the nonrenounceable new option entitlement offer to raise $231,250 on issue of 23,125,000 new options (the Offer) and up to $9.25 million on exercise has been well supported and closed in accordance with the Offer timetable.
Eagle Mountain received entitlement acceptances in respect of 16,202,351 new options, leaving a shortfall of 6,922,657 new options. Applications from existing shareholders for additional shares combined with new investor demand to participate in the shortfall has led to demand significantly exceeding the available shortfall.
The Directors are very pleased with the level of acceptances received and wish to thank all shareholders for their ongoing support of the Company.
Allotment of the Options under the Offer is expected to occur in accordance with the timetable on Tuesday 9 October 2018.
For further information please contact:
Charles Bass Mark Pitts BSc, MSc, FAusIMM, FAIG, FAICD B.Bus, FCA, GAICD Managing Director & CEO Company Secretary [email protected] [email protected]
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