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ECHOIQ LIMITED — Capital/Financing Update 2016
Jan 14, 2016
64833_rns_2016-01-14_2b86234b-9400-49dc-86d5-94ab4653b7d9.pdf
Capital/Financing Update
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Suite 12, Level 1 11 Ventnor Avenue West Perth WA 6005 Australia PO Box 52 West Perth WA 6872 Australia T: +61 8 6141 3500 F: +61 8 6141 3599 E: [email protected] PARMELIARESOURCES.COM
ASX ANNOUNCEMENT
15 January 2016
ASX: PML
Notice of Shortfall Allotment
____________________________________________________________________
Parmelia Resources Ltd ( ASX:PML ) ( Parmelia or the Company ) advises that it has completed the allotment of shares under the recent non-renounceable rights offer Top-up facility ( Top-up ). As announced on 4 January 2016, the Company advised the following:
| Total number of shares on offer: | 21,173,927 |
|---|---|
| Total number of shares validly applied for: | 10,422,566 |
| Total Value of shares validly applied for: | $364,789 |
| Number of applications received | 387 |
| Pro-rata shortfall shares: | 10,751,361 |
| Value of Shortfall shares | $376,297 |
Under the Top-up, 5,751,361 shares have been allotted. The Company employed an assortment of methods to determine an equitable distribution of the shares available under the Top-up.
The Company advises that 5,000,000 shortfall shares remain available to be allotted prior to the end of the 3 month period permitted under the original non-renounceable rights offer. It is the Company’s intention to allot these shares to a strategic long term cornerstone investor.
Jay Stephenson Company Secretary