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ESTRELLA RESOURCES LIMITED — Capital/Financing Update 2018
Aug 27, 2018
64878_rns_2018-08-27_2b69717f-68a2-4fd8-b737-3dee7054da56.pdf
Capital/Financing Update
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ABN 39 155 151 207
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28 August 2018
Dear Optionholder
LOYALTY OPTION ENTITLEMENT ISSUE
On 23 August 2018, Estrella Resources Limited (“Estrella” or “the Company”) lodged a prospectus with ASIC and ASX (“Prospectus”) for a non-renounceable entitlement issue of one (1) quoted Option for every three (3) Shares held (“Entitlement Issue” or “Offer”) to raise approximately $163,961. The price of the Options under the Offer is $0.001 each (“Issue Price”), exercisable at $0.05 on or before 27 June 2021.
The purpose of the Offer is to recognise the invaluable support the Company has received from its Shareholders. Shares issued upon the exercise of the Options will rank equally with all fully paid ordinary shares in the capital of the Company already on issue.
All Shareholders registered at 5:00pm WST on 31 August 2018 with a registered address in Australia or New Zealand will be entitled to participate in the Entitlement Issue. As an Estrella optionholder you are not entitled to participate in the Offer unless you exercise your options in time for new shares to be issued and to be entered on the Company’s register of members prior to the Record Date. If you wish to exercise your options please contact the Company’s share registry: Automic on 1300 288 664 or at [email protected] for a copy of the option exercise form.
Full details of the Entitlement Issue (including the use of funds) are contained in the Prospectus . The Prospectus is available on ASX’s website and the Company’s website at www.estrellaresources.com.au.
The Prospectus together with an Entitlement and Acceptance Form will be mailed to all eligible shareholders on 4 September 2018. Other key dates which shareholders should note are as follows:
| EVENT | DATE |
|---|---|
| ‘Ex’ Date | 30 August 2018 |
| Record Date for determining Entitlements (5:00pmWST) | 31 August 2018 |
| Closing Date (5:00pm WST) | 14 September 2018 |
| Issue date / New Options entered into shareholders’ securityholdings | 19 September 2018 |
| Quotation of New Options issued under the Offer | 20 September 2018 |
Office Address London House, Level 11, 216 St Georges Terrace, PERTH WA 6000 Postal Address GPO Box 2517, PERTH WA 6831 Phone +61 8 9481 0389 Fax +61 8 9463 6103 Email [email protected]
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ABN 39 155 151 207
Before deciding whether to exercise any or all of your options, you should read the Prospectus in its entirety and contact your financial advisor or the Company if you have any queries.
Yours faithfully David McEntaggart Company Secretary
Office Address London House, Level 11, 216 St Georges Terrace, PERTH WA 6000 Postal Address GPO Box 2517, PERTH WA 6831 Phone +61 8 9481 0389 Fax +61 8 9463 6103 Email [email protected]
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