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FireFly Metals Ltd. — Capital/Financing Update 2016
Jul 12, 2016
48548_rns_2016-07-12_eb2e0448-509f-4710-a77d-7ac90c1195b6.pdf
Capital/Financing Update
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Exploration Office Level 3, 100 Pirie Street ADELAIDE SA 5000
ABN: 96 110 336 733
Tel: +61 8 8232 8320 Fax: +61 8 8232 8811 www.monaxmining.com.au
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13 July 2016
Entitlement Issue Shortfall Notification
Monax Mining Limited (“Monax” or the “Company”) advises that its recent partially underwritten 1 for 2 non-renounceable entitlement issue (“Entitlement Issue”) at an issue price of $0.01 per share, closed on 8 July 2016.
The following table sets out the number of new shares to be issued to eligible shareholders and Director Mr Robert Kennedy (“Underwriter”) with respect to the Entitlement Issue.
| Shares offered to eligible shareholders under prospectus | 150,380,093 |
|---|---|
| Entitlement Shares subscribed | 36,774,208 |
| Additional Shares subscribed | 17,044,965 |
| Shares subscribed by Underwriter | 5,119,904 |
| Shortfall | 91,441,016 |
The issue of new shares is scheduled to occur on 15 July 2016 with those shares expected to commence trading on 18 July 2016.
In accordance with Section 1.15 of the Entitlement Issue Prospectus dated 30 May 2016, the Company reserves the right to issue the shortfall at its discretion within three months of the Closing Date of the offer.
The number of shares subscribed as referred to above may be reduced if there are any dishonoured transfers in the funds banked.
The Board wishes to express their appreciation to the Shareholders who participated in the Entitlement Issue and look forward to the upcoming exploration program outlined in the Company’s Prospectus.
Gary Ferris
Managing Director Monax Mining Ltd P: 0423 259 488 E: [email protected]
Duncan Gordon
Investor Relations Adelaide Equity Partners Ltd P: 0404 006 444 E: [email protected]