AI assistant
GREENWING RESOURCES LTD — Capital/Financing Update 2017
Sep 27, 2017
65029_rns_2017-09-27_b4b9b922-e15d-4f25-8651-b2f6c0959412.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [135 x 50] intentionally omitted <==
28 September 2017
ASX Market Announcements ASX Limited 20 Bridge Street SYDNEY NSW 2000
Accelerated non-renounceable entitlement offer update
Bass Metals Limited (ASX:BSM) is pleased to provide an update on the accelerated non-renounceable entitlement offer ( Entitlement Offer ) announced on 20 September 2017.
Institutional Entitlement Offer Component
The institutional component of the Entitlement Offer ( Institutional Entitlement Offer ) has raised $815,449 from the application and subscriptions for 74,131,738 new fully paid ordinary shares at an issue price of $0.011 per share ( New Shares ) and 18,532,934 free attaching options ( New Options ).
These New Shares and New Options form part of the 228,024,455 shares and 57,006,114 options included in the Company’s appendix 3B notice as lodged with the ASX on 20 September 2017.
The New Shares and New Options applied for the under the Institutional Entitlement Offer are to commence trading on the official list of the ASX on Friday, 29 September 2017. With quotation of these securities, and quotation of the placement shares (refer to ASX announcement on 20 September 2017), the Company will have on issue a total of 1,715,005,740 shares and 431,562,176 listed options.
Retail Entitlement Offer Component
The Retail Offer Booklet ( Offer Booklet ), together with a personalised entitlement and acceptance form, was dispatched to the Company’s eligible retail shareholders with a registered address in Australia, New Zealand and Singapore.
Eligible retail shareholders will be able to apply for 1 new share for every 6 existing shares held as at 7:00pm (AEST) on Friday, 22 September 2017 at an issue price of $0.011 per new share. Additionally, for every 4 new shares subscribed for, shareholders will receive 1 free attaching listed option with an exercise price of $0.025 exercisable on or before 31 December 2018.
The retail component of the Entitlement Offer ( Retail Entitlement Offer ) opened on Wednesday, 27 September 2017 and will close at 5:00pm (AEST) on Wednesday, 11 October 2017 (unless extended).
BASS METALS LTD. (ASX: BSM) Email: [email protected] Phone: (07) 3221 0783 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au
1
==> picture [135 x 50] intentionally omitted <==
The new shares under the Retail Entitlement Offer are expected to be allotted on Wednesday, 18 October 2017 and are expected to commence trading on the official list of the ASX on Thursday, 19 October 2017.
The Board of the Directors of the Company encourages eligible retail shareholders to carefully review the Offer Booklet and the accompanying entitlement and acceptance form.
For more information, contact:
Tim McManus Chief Executive Officer Phone: (07) 3203 5894 Email: [email protected] Peter Wright Director Phone: (07) 3203 5894 Email: [email protected]
BASS METALS LTD. (ASX: BSM) Email: [email protected] Phone: (07) 3221 0783 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au
2