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EMETALS LIMITED — Capital/Financing Update 2015
Jun 25, 2015
64850_rns_2015-06-25_90645460-0d2f-400e-80f7-603f7ed94969.pdf
Capital/Financing Update
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WEST PEAK IRON LIMITED
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ASX announcement
26 June 2015
ACN: 142 411 390
ENTITLEMENT ISSUE CLOSURE AND NOTICE OF SHORTFALL
The Manager Company Announcements Office Australian Securities Exchange Ltd 4th Floor, 20 Bridge Street SYDNEY NSW 2000
T: 08 6489 1600
F: 08 6489 1601
E: [email protected] Suite 9, 330 Churchill Avenue,
The Directors of West Peak Iron Limited (ASX: WPI ) are pleased to advise that its non-renounceable Entitlement Issue Offer ( Entitlement Issue ) announced on Tuesday 2nd June 2015 closed on Tuesday 23rd June 2015.
Subiaco WA 6008
PO Box 866,
This notice is given in accordance with Appendix 7A of the ASX Listing Rules.
Subiaco WA 6904
Directors & Management
Gary Lyons: Chairman
Mathew Walker: Director
Teck Wong: Director
Sonu Cheema: Company Secretary
Issued Capital
Eligible Shareholders applied for 61,439,616 shares totaling $614,396 as per their eligible holder rights. Furthermore, the Company and the Underwriter has accepted additional entitlement issue applications for a further 8,888,784 shares totaling $88,888. The remaining shortfall of 29,500,000 shares totaling $295,000 (or approximately 30%) will be placed by the Underwriters to the Offer in accordance with the Underwriting Agreement.
The Entitlement Issue will raise a total amount of approximately $998,284 (before costs and expenses of the offer). Net proceeds will be applied as described in the Entitlement Issue Offer Memorandum lodged with ASX on 2nd June 2015 and the Supplementary Prospectus lodged with ASX on 15th June 2015.
It is expected that allotment and issue of the new shares to accepting shareholders will occur on or about 30 June 2015. Holding statements for the new shares will be despatched shortly thereafter.
99,828,400 Ordinary shares
Yours Faithfully By Order of the Board
ASX Code: WPI
Mathew Walker Director
For further information contact: Mathew Walker; Director, West Peak Iron Ltd. Telephone: +61 8 6489 1600 Email: [email protected]