AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

EDEN INNOVATIONS LTD Capital/Financing Update 2011

Nov 2, 2011

64820_rns_2011-11-02_e18a3b7b-17bf-45b0-92c3-a5de3a88d825.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [188 x 53] intentionally omitted <==

==> picture [75 x 8] intentionally omitted <==

----- Start of picture text ----- ACN 109 200 900----- End of picture text -----

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

3 November 2011

OPTION ISSUE

The directors advise that they have agreed to issue 6,250,000 EDEO options exercisable at $0.20, expiring 30 June 2014, to the same professional and sophisticated investors who took up 6,250,000 fully paid ordinary shares at 6.4 cents each in the capital raising announced on 16 September 2011, in accordance with section 708 of the Corporations Act 2001 (“the Act”) and under the 15% placement rule of the Australian Securities Exchange Listing Rules.

This issue of options is to partially balance terms of this recent placement entitlement with the current non-renounceable pro-rata rights issue announced on 31 October 2011.

==> picture [185 x 33] intentionally omitted <==

Gregory H. Solomon Executive Chairman