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HAMMER METALS LIMITED — Capital/Financing Update 2017
Sep 26, 2017
65065_rns_2017-09-26_4facba1c-3d61-4e54-91cc-98ec73d241ed.pdf
Capital/Financing Update
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ASX Announcement (ASX: HMX)
27 September 2017
Non Renounceable Entitlement Issue to Raise $1.17M Offer Documents Despatched
Hammer Metals Limited (“ Hammer” or “the Company” ) (ASX: HMX), advises that in accordance with the estimated timetable for the Company’s recently announced non-renounceable entitlement offer (the Offer), it has today despatched the Offer Documents incorporating the Supplementary Prospectus, the Prospectus and Entitlement and Acceptance Form to all Eligible Shareholders.
As a reminder the following table sets out key dates for the Offer.
| Event | Date* | |
|---|---|---|
| Announcement of Offers | 6 Sept 2017 | |
| Lodgement of Appendix 3B with ASX | 15 Sept 2017 | |
| Prospectus lodged at ASIC and ASX | 15 Sept 2017 | |
| Notice sent to Shareholders | 19 Sept 2017 | |
| "Ex" Date (date Shares are quoted ex-rights) | 21 Sept 2017 | |
| Record Date to determine Entitlements | 5.00pm (WST) | 22 Sept 2017 |
| Prospectus (together with Entitlement and Acceptance Form) | 27 Sept 2017 | |
| despatched to Shareholders | ||
| Opening Date | 27 Sept 2017 | |
| Closing Date** | 12 Oct 2017 | |
| Shares quoted on a deferred settlement basis | 13 Oct 2017 | |
| Notification to ASX of under subscriptions | 17 Oct 2017 | |
| Allotment date with respect to Shares and Options | 19 Oct 2017 |
* These dates are indicative only. The Directors reserve the right to vary the key dates without prior notice, subject to the Listing Rules.
** The Directors may extend the Closing Date by giving at least three Business Day’s notice to ASX prior to the Closing Date. As such, the date the Shares are expected to commence trading on ASX may vary.
For further information, please contact:
Mark Pitts Company Secretary [email protected]
Hammer Metals Limited (ASX:HMX): Hammer Metals holds a strategic tenement position covering approximately 3,200km[2] within the Mount Isa mining district, with 100% interests in the Kalman (CuAu-Mo-Re) deposit, the Overlander North and Overlander South (Cu-Co) deposits, the Millennium (CuCo-Au) deposit as well as the recently acquired Elaine-Dorothy (Cu-Au) deposit. Hammer is an active mineral explorer, focused on discovering large copper-gold deposits of the Ernest Henry style and has a range of prospective targets at various stages of testing.
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