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EDEN INNOVATIONS LTD — Capital/Financing Update 2015
Mar 23, 2015
64820_rns_2015-03-23_f728fd82-d42c-4d37-a19e-7d1999028d8e.pdf
Capital/Financing Update
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ACN 109 200 900
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
24 March 2015
PRO-RATA RENOUNCEABLE RIGHTS ISSUE
The renounceable pro-rata rights offer ( Offer ) made to shareholders of Eden Energy Ltd ( Eden ) who were on the register as at 5:00pm WST on 2 March 2015 pursuant to an offer document dated 23 February 2015 ( Offer Document ), closed on 19 March 2015.
Eden gives notice of the shortfall subscriptions for the Offer as follows:
| No. of NewShares | No. of NewOptions | GrossProceeds ($) | |
|---|---|---|---|
| Total number of shares offered | 189,800,260 | 189,800,260 | $1,898,002.60 |
| Shares accepted under the Offer | 114,930,392 | 114,930,392 | $1,149,303.92 |
| Additional shares accepted under the Offer | 5,700,441 | 5,700,441 | $57,004.41 |
| Total number accepted | 120,630,833 | 120,630,833 | $1,206,308.33 |
| Shortfall | 69,169,427 | 69,169,427 | $691,694.27 |
The above figures are subject to none of the subscription proceeds received by cheque being dishonoured between the time of this announcement and the allotment and issue of New Shares.
Eden reserved the right in the Offer Document to place any shortfall shares within three months after the closing date of the Offer at a price which is not less than the price at which the Shares were offered under the Offer.
Accordingly upon completion of issuing of all the Shares, the total amount raised will be $1,206,308.33 (before the payment of the expenses of the issue).
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Aaron Gates
Company Secretary
Level 15, 197 St Georges Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Email: [email protected]