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HAWSONS IRON LTD — Capital/Financing Update 2013
Dec 15, 2013
65053_rns_2013-12-15_5f52fdef-c3fc-45f3-913d-1145983ad53d.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
By Electronic Lodgement Company Announcements Office ASX Limited Exchange Centre Level 4, 20 Bridge Street SYDNEY NSW 2000
16 December 2013
CAP RIGHTS ISSUE CLOSURE AND NOTICE OF SHORTFALL
The Directors of Carpentaria Exploration Limited (ASX: CAP) ( Company ) are pleased to advise that its non-renounceable Rights Issue announced on Monday 28 October 2013 closed on Wednesday 11 December 2013.
This notice is given in accordance with Appendix 7A of the ASX Listing Rules.
Eligible Shareholders applied for 2,082,370 shares totalling A$322,767 as per their eligible holder rights. Furthermore, the Company so far has accepted shortfall applications for a further 998,636 shares totalling A$154,788. A total of 20.5% of the entitlement has been accepted.
The balance shortfall of 11,970,388 shares totalling A$1,855,410 can be placed at the discretion of the Board no later than 2 months after the Offer was made (i.e. by 28 December 2013).
The Rights Issue has currently raised a total amount of approximately A$477,555 (before costs and expenses of the offer). Net proceeds will be applied as described in the Rights Issue Offer Memorandum lodged with ASX on Monday 28 October 2013.
The anticipated timetable for the finalisation of the Rights Issue is as follows:
| Event | Date |
|---|---|
| Allotment– allotment of New Shares | 19 December 2013 |
| Despatch date– despatch of Transaction Confirmation Statements | 20 December 2013 |
| Expected commencement of normal trading in New Shares on ASX | 20 December 2013 |
The Company thanks Shareholders for showing support for this Rights Issue and the recent Placement with the total Capital raised so far of approximately $1,812,953. This will assist the progression of the Company's plans towards meeting development cost requirements in the medium term for the Hawsons Project in order to retain its 60% interests and to develop and participate in other potential strategic and operational opportunities involving the Hawsons Project.
For and on behalf of Carpentaria Exploration Limited
Chris Powell Company Secretary
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