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GBM RESOURCES LIMITED. — Capital/Financing Update 2018
Jun 19, 2018
64966_rns_2018-06-19_5cc7ac81-9a5b-4bbe-9809-25c0122f26f1.pdf
Capital/Financing Update
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ABN 91 124 752 745
20 June 2018
Share Purchase Plan
The Directors of GBM Resources Limited are pleased to advise that the Company is offering eligible Shareholders the opportunity to subscribe for up to $15,000 worth of fully paid ordinary shares in the Company through a Share Purchase Plan (Offer), without incurring brokerage or other associated costs.
The Offer encourages and enables Shareholders with smaller parcels of shares the opportunity to increase their holdings in the Company at a price of 0.5 cents per share, being a 14% discount to the volume weighted average price of the Company’s shares traded on the Australian Securities Exchange during the 5 days on which trades were recorded immediately prior to the announcement of the Offer.
The Offer entitles Eligible Shareholders, irrespective of the size of their shareholding, to purchase up to A$15,000 worth of Shares which is a maximum parcel of Shares of 3,000,000. The maximum number of Shares that may be issued pursuant to this Offer is limited to 30% of the Company’s current issued capital.
The Offer will be available to eligible Shareholders who are registered as holders of fully paid ordinary shares in the Company as at 5pm (WST) on Tuesday 19 June 2018 (Record Date).
Indicative Timetable and Important Dates
| Indicative Timetable and Important Dates | Indicative Timetable and Important Dates | ||
|---|---|---|---|
| Date | |||
| Record Date | Tuesday 19 June 2018 | ||
| Date Offer Announced | Wednesday 20 June 2018 | ||
| Opening | Date of Offer* | Wednesday 27 June 2018 | +61 (8) 931Fax+61 (8) 931Phone (Ex+61 (3) 547 |
| Closing D | ate of Offer* | Tuesday 17 July 2018 | |
| Issue of S | hares Pursuant to the Offer* | Monday 23 July 2018 | |
| Despatch | Date for Holding Statements* | Tuesday 24 July 2018 | |
| Quotation of Shares on ASX* | n of Shares on ASX* | Thursday 26 July 2018 | |
- Dates are indicative only. The Company may vary the dates and times of the Offer without notice.
The funds raised will be primarily used to support the Company’s ongoing strategy for the redevelopment of Mt Coolon Gold Project and continue with its mining and process approvals while efforts focus on securing funding for its redevelopment.
ASX Code: GBZ
COMPANY DIRECTORS
Peter Thompson Managing Director/ Executive Chairman
Neil Norris Exploration Director – Executive
Hun Seng Tan Non- Executive Director
CONTACT DETAILS
Principal & Registered Office Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153
Exploration Office 10 Parker Street, Castlemaine, Victoria 3450
Website
[email protected] Phone +61 (8) 9316 9100
Fax
+61 (8) 9315 5475
Phone (Exploration Office) +61 (3) 5470 5033
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The Offer documents, which set out the terms of the Offer, will be mailed to Shareholders shortly.
Investor enquiries: Media enquiries: Peter Thompson Michael Vaughan Managing Director Fivemark Partners GBM Resources Limited +61 422 602 720 +61 8 9316 9100 [email protected]