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IODM LIMITED — Capital/Financing Update 2014
Nov 3, 2014
65131_rns_2014-11-03_e1fff82e-a474-416f-89aa-00013c4f2f7c.pdf
Capital/Financing Update
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ASX release 04 November 2014 ASX: PDM
ABN 28 102 747 133
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FULLY UNDERWRITTEN RIGHTS ISSUE
Paradigm Metals Limited (“the Company”) is very pleased to announce that it has reached an agreement with CPS Capital Group Pty Ltd to underwrite a non-renounceable rights issue to existing shareholders on a 1 for 2 basis at an issue price of $0.002 per Share (approximately 262,607,505 shares) with a free attaching listed option (exercisable at $0.002 and expiry of 31 December 2016) to raise $525,215 before costs. Application will be made by the Company to ASX for quotation of the options.
This offer will allow the Company to commence its drilling programme in relation to its newly acquired interest in the Caninde Graphite project in Ceara State, Brazil.
A prospectus setting out the details of the offer will be lodged with the Australian Securities and Investments Commission and the Australian Securities Exchange on or about Friday, 7 November 2014.
Yours sincerely, Anthony Reilly Managing Director
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 ) - Fully Underwritten Rights Issue