AI assistant
GEOPACIFIC RESOURCES LTD — Capital/Financing Update 2009
Dec 17, 2009
65008_rns_2009-12-17_840f161a-06ec-4b0e-91ca-220390c65de0.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [114 x 87] intentionally omitted <==
18 December 2009
The Company Announcements Office Australian Stock Exchange Limited Exchange Centre, Level 6, 20 Bridge Street SYDNEY NSW 2000
NOTICE OF SHORTFALL IN RELATION TO RIGHTS ISSUE
Geopacific Resources NL hereby advises that in relation to the nonrenounceable rights issue which closed at 5.00pm on 15 December 2009, the following outcome was achieved:
Number of shares available under the Offer: Number of shares taken up by shareholders: Shortfall: Number of shares to be taken up in accordance with the terms of the underwriting agreement dated 20 November 2009 with Laguna Bay Capital Pty Ltd and Springtide Capital Pty Limited (jointly the Underwriter):
72,421,060 21,399,283 51,021,776
33,333,333 Remaining shares to be placed at the discretion of Directors: 17,688,443
The non-renounceable rights issue consisted of one (1) Ordinary Share for every one (1) Ordinary Shares held by Shareholders, at an Issue Price of three (3) cents per Share. One free attaching option was allocated for every two entitlement shares taken up. The options will not be listed and convert at AUS$0.06 (6 cents) per share with an expiry of 16 December 2011.
Other information on the Company's projects and previous Geopacific announcements are available on Geopacific's website at www.geopacific.com.au.
Yours faithfully,
==> picture [114 x 94] intentionally omitted <==
Ian J Pringle (Managing Director)
Further Information
For further information please contact Ian Pringle, Managing Director, on 0408 548767 or [email protected]. An overview of Geopacific Resources NL can be viewed at www.geopacific.com.au.
Geopacific Resources NL ACN 003 208 393
[email protected] www.geopacific.com.au
Australia – Sydney
556 Crown St (PO Box 477) Surry Hills NSW 2010 AUSTRALIA
T +61 2 9699 7311 F +61 2 9699 7322
Fiji – Nadi
PO Box 9975 Nadi Airport Nadi FIJI
Geopacific Resources NL 18 December 2009 ASX Announcement
page - 1 -
T +679 6 720 166 F +679 6 720 206