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GENESIS RESOURCES LIMITED — Capital/Financing Update 2016
Sep 20, 2016
64980_rns_2016-09-20_4894a3c3-ed33-43a6-b7ce-160d46589622.pdf
Capital/Financing Update
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GENESIS RESOURCES LIMITED (ASX : GES )
21 September 2016
Rights Issue Closure and Notification of Shortfall
Genesis Resources Limited ( Genesis or the Company ) advises that its recent pro-rata non-renounceable rights issue closed on Friday 16 September 2016, with the results below.
| NO. OF SHARES | SUBSCRIPTION FUNDS | |
|---|---|---|
| Applications for entitlement shares | 10,699,582 | $320,987.46 |
| Applications for additional shares undershortfall facility | 74,997 | $2,249.91 |
| EVENT | NO. OF SHARES | |
| Shares on issue before rights issue | 384,885,386 | |
| Total shares available for offer under rights issue | 128,295,129 | |
| Entitlement shares applied for under the rights issue | 10,699,582 | |
| Additional shares applied for under rights issue shortfall facility | 74,997 | |
| Total shares applied for under rights issue | 10,774,579 | |
| Total remaining shortfall shares | 117,520,550 |
*The numbers in the table above are subject to any necessary scale-backs and any cheque dishonours.
The Company will issue and allot all entitlement and additional shares applied for by shareholders on Friday 23 September 2016, and will apply to ASX for quotation of those shares.
The rights issue was partially underwritten up to an amount of $2,000,000. In accordance with the Company’s rights issue offer document dated 12 August 2016 ( Offer Document ) and the underwriting agreement, the Company will issue and allot the underwritten shares to the underwriter on 23 September 2016.
Pursuant to the Offer Document, the Board may place the remaining shortfall shares at its discretion (but subject to the Corporations Act and ASX Listing Rules) with persons interested in subscribing for shares in the Company within 3 months of the close of the offer.
-ENDS
For further information, please contact:
Sophie Karzis
Company Secretary T: + 61 (0) 3 9286 7501 E: [email protected]
GENESIS RESOURCES LIMITED ACN 114 787 469 Level 1, 61 Spring Street, Melbourne, Victoria 3000, Australia T + 61 3 9286 7500 | F + 61 3 9662 1472 | www.genesisresourcesltd.com.au