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GOLDEN STATE MINING LIMITED — Capital/Financing Update 2019
Mar 28, 2019
65016_rns_2019-03-28_7067b7c8-943e-4a6f-b0ae-00b498639eed.pdf
Capital/Financing Update
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Entitlement issue allotment
ASX ANNOUNCEMENT
29 March 2019
ASX Code: GSM
BOARD OF DIRECTORS
Damien Kelly Non-Executive Chairman
Golden State Mining Limited (“ GSM ” or the “ Company ”) advises that pursuant to the loyalty options entitlements issue announced 25 February 2019, and further to the shortfall announcement released 28 March 2019* the options have been issued to accepting shareholders.
The Company has issued a total of 6,690,044 options (exercisable at $0.25; expiring 8 November 2019), raising $33,450 before costs and before exercising of the options.
Holding statements in relation to the issued options are being dispatched today.
The remaining shortfall amounts to 11,435,556 options.
Michael Moore Managing Director
Brenton Siggs Non-Executive Director
Greg Hancock Non-Executive Director
Janet Wicks Non-Executive Director
ISSUED CAPITAL
Shares 36.3 m Options 15.7 m
Subject to ASX listing rules, the Directors reserve the right to issue the shortfall in their absolute discretion.
The issued capital of the Company following allotment is as follows:
| Listed | Code | Number | ||
|---|---|---|---|---|
| Shares | GSM | 36,251,200 | ||
| Unlisted | ||||
| Options | (exercisable at $0.25, expiring | 8 Nov 2019) | 6,690,044 | |
| Options | (exercisable at $0.20, expiring | 31 Aug 2020) | 550,000 | |
| Options Options |
(exercisable at $0.25, expiring (exercisable at $0.35, expiring |
8 Nov 2021) 8 Nov 2021) |
4,950,000 1,000,000 |
|
| Options | (exercisable at $0.25, expiring | 26 Oct 2022) | 2,522,560 |
REGISTERED OFFICE
Level 1, Suite 14 19-21 Outram Street West Perth WA 6005
Tel: + 61 (08) 6323 2384 Fax: + 61 (08) 9467 9114
- Note that the previous shortfall announcement released 28 March 2019 stated that “shareholders were offered the opportunity to subscribe for one (1) new GSM loyalty option (exercisable at $0.25; expiring 8 November 2019) at $0.005 per new option for every 2 shares held, with 18,125,600 new options offered to raise up to approximately $90,628million before costs and before exercising of the options” – inclusion of the word ‘million’ is clearly a typographical error (being inconsistent with all other documentation) and is hereby retracted. It has no effect on the outcome of the entitlements issue or the shortfall.
Golden State Mining Limited ABN 52 621 105 995
ENDS
e: w: [email protected] | www.goldenstatemining.com.au e: [email protected] | w: www.goldenstatemining.com.au