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GULLEWA LIMITED Capital/Financing Update 2011
65026_rns_2011-11-22_13ea4503-6f6a-4b5b-a6d2-ddcdec23d717.pdf
Capital/Financing Update
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ACN 007 547 480 ABN 30 007 547 480
GULLEWA LIMITED
23 November, 2011
Company Announcements Australian Securities Exchange 20 Bridge Street Sydney NSW 2000
Dear Sir/Madam
ALLEGIANCE COAL LIMITED
Please find herewith a Press Release made by Allegiance Coal Limited, a subsidiary of Gullewa Limited.
Yours faithfully
deel
David Deitz Director Enclosure
ALLEGIANCE COAL LIMITED PRE IPO \$2.5M
Allegiance Coal Limited has raised \$2,500,000 from sophisticated and professional investors under 708(8) and section 708(ii) of the Corporations Act. 16,666,675 shares have been issued at a price of \$0.15 each. For every three shares subscribed for the subscriber has received one (1) unlisted option to subscribe for an additional share in the company at an exercise price of \$0.25 with an expiry date of 30 March, 2014.
The \$2.5m raised has resulted in a change in Gullewa's holding in Allegiance Coal as follows:
| Before Issue | After Issue | |||
|---|---|---|---|---|
| Shares | (%) | Shares | (%) | |
| Gullewa Ltd | 100,000,000 | (80.0) | 100,000,000 | (70.6) |
| C Randall & | ||||
| Associates P/L | 25,000,000 | (20.0) | 25,000,000 | (17.7) |
| New Shares | $\overline{\phantom{a}}$ | 16,666,675 | (11.7) | |
| TOTAL: | 125,000,000 | (100.0) | 141,666,675 | (100.00) |
I am pleased to welcome our new shareholders in Allegiance and we look forward to a rewarding year ahead. Subject always (these days) to market conditions, we plan the IPO in early February, 2012.
Tony Howland-Rose 02 9397 7555
Tony Howland-Rose MSc, DIC, FGS, FIMMM, FAusIMM, MAICD, FAIG, CEng Chairman
For any enquiries :
23 November, 2011
ABN 65 130 862 458 Level 13 49-51 York Street Sydney NSW 2000 Australia
Tele: +61 2 9299 5007 Fax: +61 2 9299 5006
www.allegiancecoal.com.au [email protected]
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