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GREAT BOULDER RESOURCES LIMITED — Capital/Financing Update 2019
Oct 1, 2019
64967_rns_2019-10-01_3b865ab3-1a8d-45da-a089-9f7d9b030ad8.pdf
Capital/Financing Update
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----- Start of picture text ----- ASX Announcement2 October 2019----- End of picture text -----
Completion of Rights Issue
Great Boulder Resources Limited [ASX: GBR] (“Great Boulder” or “the Company”) is pleased to confirm that its non-renounceable entitlement offer of 1 share for every 3 shares held by eligible shareholders at an issue price of $0.04 per new fully paid ordinary share (“Rights Issue”) closed as planned on 27 September 2019.
Eligible shareholders who applied for their full entitlement under the Rights Issue were also able to apply for new shares in excess of their entitlement, through a shortfall offer.
The results of the offer are as follows:
| Number of Shares | Gross Proceeds | Percentage | |
|---|---|---|---|
| Total Number of Shares offered under theOffer (including ineligible holdings) | 33,363,485 | $1,334,539.40 | 100% |
| Total Number of shares applied for byeligible shareholders | 7,870,870 | $314,834.80 | 23.5% |
| Total number of shares subscribed undershortfall | 3,064,718 | $122,588.70 | 9.1% |
| Rights Issue subtotal | 10,935.588 | $437,423.50 | 32.6% |
| Entitlement Offer Shortfall | 22,427,897 | $897,115.90 | 67.4% |
Under the terms of the Entitlement Offer, the Directors have reserved the right to allocate the shortfall of 22,427,897 ordinary shares at their discretion within 3 months of the Entitlement Offer closing date
The Board of Great Boulder Resources Ltd would like to thank all shareholders for their continued support.
For further information contact: Andrew Paterson Managing Director Great Boulder Resources Limited [email protected]
Media For further information, please contact: Paul Armstrong Read Corporate +61 8 9388 1474
ASX Code: GBR Contact: Andrew Paterson, Managing Director E: [email protected] GREATBOULDER.COM.AU P: +61 8 6323 7800 PO Box 1565, Applecross 6953, Western Australia ABN 70 611 695 955
ASX Announcement
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2 October 2019
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About Great Boulder Resources
Great Boulder is a mineral exploration company with projects in the Eastern Goldfields region of Western Australia. With a focus on base metals and gold, the Company has a range of projects from greenfields through to advanced exploration. With advanced projects including the Mt Venn and Winchester copper-nickel-cobalt projects and the Whiteheads gold project and the backing of a strong technical team, the Company is well positioned for future success.
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----- Start of picture text ----- GREAT BOULDER PROJECTS----- End of picture text -----
E: [email protected] ABN 70 611 695 955
ASX Code: GBR Contact: Andrew Paterson, Managing Director P: +61 8 6323 7800 PO Box 1565, Applecross 6953, Western Australia
GREATBOULDER.COM.AU