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IODM LIMITED — Capital/Financing Update 2014
Dec 4, 2014
65131_rns_2014-12-04_64b6899e-14f6-4942-8a76-1369fa629784.pdf
Capital/Financing Update
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ASX release 05 December 2014 ASX: PDM
ABN 28 102 747 133
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UNDERWRITTEN RIGHTS ISSUE – SHORTFALL NOTICE
Paradigm Metals Limited ( Paradigm ) advises that its fully underwritten non-renounceable rights issue of 1 new share for every 2 shares held, at an issue price of $0.002 per share together with 1 free attaching listed option for every 1 share subscribed for and issued (exercise price of $0.002 and expiry of 31/12/2016) ( Rights Issue ), closed on 2 December 2014.
In accordance with Appendix 7A of the ASX Listing Rules, Paradigm advises that it received valid acceptances for 44,500,077 new shares with a shortfall of 218,107,428 shares.
The Rights Issue is fully underwritten by CPS Capital Group Pty Ltd who is presently attending to placing the shortfall. Upon completion of the Rights Issue, the total funds raised will be approximately $525,215 before costs.
Yours sincerely,
Anthony Reilly Chief Executive Officer 5 December 2014
Email: [email protected] Website: www.paradigmmetals.com.au
Level 1, 330 Churchill Avenue Subiaco WA 6008 Tel: +61 8 9200 4482 Fax: +61 8 9200 4469
Contact : Anthony Reilly Managing Director [email protected]
Directors: Anthony Reilly Nicholas Lindsay Brian McMaster
Paradigm Metals (ASX:PDM ) - Underwritten Rights Issue – Shortfall Notice