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GALAN LITHIUM LIMITED — Capital/Financing Update 2016
Feb 11, 2016
64995_rns_2016-02-11_f7729744-1af8-4684-bca2-7ee2866ec7a2.pdf
Capital/Financing Update
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ACN 149 349 646
ASX ANNOUNCEMENT
12th February 2016
ENTITLEMENT OFFER DOCUMENT DESPATCHED
Dempsey Minerals Ltd (ASX: DMI) advises that in accordance with the timetable for the recently announced pro-rata non renounceable entitlement issue, the Company has despatched the Entitlement Offer prospectus together with an Entitlement and Acceptance Form to Eligible Shareholders.
Under the entitlements issue, Eligible Shareholders are being offered:
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(a) one (1) New Share for every five (5) existing Shares registered at 5.00pm (WST) on 10 February 2016 together with one free attaching New Option, exercisable at $0.14 on or before 31 December 2018, for each New Share issued. Each New Share will be issued at an issue price of $0.07 per New Share; and/or
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(b) one (1) New Option, exercisable at $0.14 on or before 31 December 2018, for every five (5) existing Shares registered at 5.00pm (WST) on 10 February 2016. Each New Option will be issued at an issue price of $0.01 per New Option.
As a reminder the timetable for the Entitlements Offer is set out below.
SUMMARY OF IMPORTANT DATES
| EVENT | DATE |
|---|---|
| Lodgement of Prospectus with ASIC | 4 February2016 |
| Lodgement of Prospectus and Appendix 3B with ASX (includes application for Quotation of | 4 February 2016 |
| New Securities) | |
| Notice sent to Eligible Shareholders,Ineligible Shareholders and Option holders | 5 February2016 |
| ‘Ex Date’ (Date from which Shares commence trading without the entitlement to participate | 8 February 2016 |
| in the Entitlement Offer) | |
| Record Date for determiningEntitlements(5.00pm WST) | 10 February2016 |
| Prospectus with Entitlement and Acceptance Form sent to Shareholders and Entitlement | 12 February 2016 |
| Offer opens | |
| ClosingDate *(5.00pm WST) | 26 February2016 |
| New Securitiesquoted on ASX on a deferred settlement basis | 29 February2016 |
| ASX notified of Shortfall | 1 March 2016 |
| Issue of New Securities and despatch of holdingstatements | 4 March 2016 |
| Tradingin New Securities expected to commence | 7 March 2016 |
* The Directors may extend the Closing Date by giving at least three Business Days’ notice to ASX prior to the Closing Date, subject to such date being no later than three months after the date of this Prospectus. As such the date the New Securities are expected to commence trading on ASX may vary.
For further information contact: Nathan McMahon
Non-Executive Chairman Email: [email protected] Tel: (08) 9322 6283
Level 2, 38 Richardson Street, West Perth, WA 6005 PO Box 396, West Perth, WA, 6872 Ph. +61 8 9322 6283 Fax. +61 8 9322 6398