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FOCUS MINERALS LTD — Share Issue/Capital Change 2015
Apr 28, 2015
64932_rns_2015-04-28_6148d10a-a744-4733-ad0d-56069ac3ec11.pdf
Share Issue/Capital Change
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Level 2, 159 Adelaide Terrace East Perth WA 6004 PO Box 3233 East Perth WA 6892 T: +61 8 9215 7888 F: +61 8 9215 7889 E: [email protected]
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ASX ANNOUNCEMENT
29 April 2015
Update on Timetable for Proposed Share Consolidation
Focus Minerals Ltd. (“the Company”) announced to the ASX on the 16[th] of April 2015 that an ordinary resolution would be put to Security holders at the AGM to be held on the 15[th] of May 2015 to consolidate the share capital of the Company through the conversion of every fifty fully paid ordinary shares in the Company into one fully paid ordinary share in the Company (“the Consolidation”).
The Consolidation will reduce the Company’s shares outstanding to approximately 183 million, a figure much more consistent with our peer companies. It will also significant narrow the minimum price change in the Company’s securities which is expected to significantly enhance liquidity.
If approved by Security holders, the timing of the Consolidation will be as follows:
| **Action ** | Date |
|---|---|
| The ASX is informed that the consolidation has been approved bySecurityholders. | Friday, 15 May 2015 |
| Thelast dayfortradinginpre-consolidatedholdings. | Monday,18May2015 |
| Trading in the consolidated securities on a deferred settlementbasis starts. | Tuesday, 19 May 2015 |
| Last dayfor registrationoftransfers ona pre-consolidating basis. | Thursday,21 May2015 |
| First dayfordespatchof notice to eachSecurityholders. | Friday,22 May2015 |
| Issue date. | |
| Last day for despatch of notices to each Security holder | |
| informing them of the changes to their holdings.Last day for the Securities to be entered into the holders’ | Thursday, 28 May 2015 |
| security holdings to reflect the effect of the Consolidation. | |
| Deferred settlementmarket ends. |
For further information please contact:
Dane Etheridge
Company Secretary and GM Business Development Focus Minerals Ltd
Phone: +61 8 9215 7888
Focus Minerals Limited - Focus owns two large gold projects in Western Australia’s Eastern Goldfields. The company is the largest landholder in the Coolgardie Gold Belt, where it owns the 1.2Mtpa processing plant at Three Mile Hill. 250km to the northeast Focus has the Laverton Gold Project which comprises a significant portfolio of highly prospective tenure. Focus also owns the 1.45Mtpa Barnicoat mill in Laverton which has been on care and maintenance since 2009.
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