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GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2012
Nov 1, 2012
65020_rns_2012-11-01_63515752-627b-417f-85fe-dc2f18e86e2e.pdf
Capital/Financing Update
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2 November 2011
Fully Underwritten Entitlement Rights Issue Closed
On 5[th] October 2012, Lithex Resources Limited (the Company or Lithex) announced to the Australian Securities Exchange (ASX) a non-renounceable pro-rata entitlement rights issue (Rights Issue) on the basis of 1 new ordinary share (New Share) for every 2 existing shares held in the Company as at 5.00 pm (WST) on the Record Date of 16 October 2012 to raise up to approximately $1.34 million.
Subscribing shareholders will also receive 1 option (exercisable at 8 cents and expiring on 31 December 2015) for every 2 new shares subscribed for as part of the Rights Issue.
The Rights Issue, which was available to all Lithex shareholders registered at 5pm WST on Tuesday, 16 October whose registered address was in Australia or New Zealand, closed at 5 pm WST on Wednesday, 31 October 2012.
Lithex received 106 applications for 4,309,346 New Shares raising $215,467.30. This represents a 16.1% acceptance rate at an issue price of 5 cents per share.
The remaining shortfall of 22,474,159 shares has been notified to Cunningham Peterson Sharbanee Securities Pty Ltd, which has fully underwritten the Rights Issue.
Holding statements for New Shares issued under the Rights Issue will be dispatched to shareholders on Monday 5 November 2012.
The directors of Lithex express their appreciation for the support provided by participants in the capital raising.
ENDS For further information please contact the company on +618 9200 5885 or by email:
Neal Shoobert Company Secretary [email protected]
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