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ECHOIQ LIMITED — Capital/Financing Update 2016
Jan 3, 2016
64833_rns_2016-01-03_7c0ebccd-f269-461e-95d1-b49611e962a5.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
4 January 2016
ASX: PML
Non - Renounceable Entitlement Offer Closure and Notice of Shortfall
____________________________________________________________________
Parmelia Resources Ltd ( ASX:PML ) (“ Parmelia ” or “ the Company ”) advises that the recent nonrenounceable rights offer on a 1 for 4 ratio, offering 21,173,927 Ordinary Shares at 3.5 cents closed on 29 December 2015.
The Board is pleased that the number of shares applied for under the Offer and Top-Up Facility has exceeded the total amount of Shares available.
The results of the Entitlement Issue, not including those applied for under the Top-Up Facility, are as follows:
| Total number of shares on offer: | 21,173,927 |
|---|---|
| Total number of shares validly applied | 10,422,566 |
| for: | |
| Total Value of shares validly applied | $364,789 |
| for: | |
| Number of applications received | 387 |
| Pro-rata shortfall shares: | 10,751,361 |
| Value of Shortfall shares | $376,297 |
The board will consider the Shortfall allocation including that of shares applied for under the Top-Up Facility pursuant to Section 1.9 of the Offer Document and advise the market accordingly.
Jay Stephenson Company Secretary