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IMEXHS LIMITED — Capital/Financing Update 2014
Aug 25, 2014
65120_rns_2014-08-25_a7e2ad8f-9049-4ca3-b6c8-a139d72d7052.pdf
Capital/Financing Update
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ASX: SWW
26 August 2014
Market Announcements Platform Australian Securities Exchange Level 4 Exchange Centre 20 Bridge Street Sydney NSW 2000
ASX Announcement
Interim Capital Raising Completed
Further to the announcement of 14 August 2014, SWW Energy Limited ( SWW or the Company ) is pleased to advise it has completed an interim placement to sophisticated investors to raise $500,000 through the issue of 83,333,327 ordinary shares at $0.006 per share (the Interim Placement ). The Interim Placement was completed in two tranches utilising the Company’s 15% capacity under ASX Listing Rule 7.1 and 10% capacity under 7.1A.
The proceeds from the Interim Placement will be applied primarily towards meeting costs associated with due diligence of the Company’s proposed acquisition of investor relations and voting app developer GRT eXchange. To view the Company’s acquisition announcement click here.
Information required under ASX Listing Rule 3.10.5A
SWW provides the information as required under ASX Listing Rule 3.10.5A as follows:
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Dilution to existing shareholders as a result of the issue made under 7.1A:
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The percentage of the existing issued capital represented by the Interim Placement made under 7.1A is 3.59%.
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The percentage of the post-Placement issued capital held by the pre-placement security holders is 3.03%.
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SWW Energy Limited Office J, Level 2, 1139 Hay Street West Perth WA 6005
P: +61 8 9486 4036 F: +61 9486 4799
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SWW issued the Interim Placement shares to institutional and sophisticated investors as it was considered to be a more efficient and expedient method for raising the funds to achieve the Company’s objectives.
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No underwriting arrangements were in place for the Interim Placement and no fees were paid.
Confirmation under section 708(5)(e) of the Corporations Act (Act)
The Company hereby notifies ASX under section 708A(5)(e) of the Act that:
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The Shares were issued without disclosure to investors under Part 6D.2 of the Act;
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As at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;
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As at the date of this notice, the Company has complied with section 674 of the Act; and
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As at the date of this notice, there is no information:
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a. That has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules;
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b. That investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
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i. The assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
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ii. The rights and liabilities attaching to the Shares.
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SWW Energy Limited
Mr. Matthew Foy T: +61 8 9486 4699
SWW Energy Limited Office J, Level 2, 1139 Hay Street West Perth WA 6005
P: +61 8 9486 4036 F: +61 9486 4799