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HELIX RESOURCES LIMITED — Capital/Financing Update 2009
Dec 2, 2009
65059_rns_2009-12-02_2ae847ed-84b9-4e70-a8ec-1f6e68a4586b.pdf
Capital/Financing Update
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Helix Resources Limited
A.C.N. 009 138 738 Incorporated in Western Australia
3[rd] December 2009
Australian Stock Exchange Limited Via Electronic Lodgement
Dear Sirs
GASCOYNE RESOURCES LIMITED [“GCY”]
The Directors of Helix and Giralia advise the Priority and Public Offer for GCY shares pursuant to the GCY Prospectus dated 26[th] October has successfully closed.
A summary of the Offer outcome is as follows:-
| Shareholders | Shares | $ | |
|---|---|---|---|
| Helix and Giralia Priority Offer | 296 | 11,798,000 | 2,359,600 |
| Giralia Underwritten Shortfall | 1 | 3,202,000 | 640,400 |
| Public Offer–General | 36 | 797,500 | 159,500 |
| Public Offer–Patersons as Lead Manager | 122 | 10,352,000 | 2,070,400 |
| TOTAL | 455 | 26,149,500 | 5,229,900 |
The Directors of Helix, Giralia and GCY are pleased with this outcome and the Anticipated date for trading of GCY shares on the ASX remains the 11[th] December 2009 as outlined in the GCY Prospectus.
A separate Notice of Meeting will be distributed to convene an Extraordinary Meeting of Shareholders in February 2010 to consider the proposal to distribute in-specie the shares acquired for vending the tenement assets into GCY.
Yours faithfully
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Greg J Wheeler Managing Director
P.O. Box 825, West Perth, Western Australia 6872 Suite 7/29 Ord Street, West Perth, Western Australia 6005 Telephone +61 8 9321 2644, Facsimile +61 8 9321 3909, Email: [email protected], Website: helix.net.au