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ION VIDEO LTD — Share Issue/Capital Change 2013
Oct 17, 2013
65133_rns_2013-10-17_bdd01307-b725-49bd-b746-098868302748.pdf
Share Issue/Capital Change
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18 October 2013
Dear Shareholder
Firestrike Resources Limited - pro-rata non-renounceable entitlement issue
As announced on 16 October 2013, Firestrike Resources Limited (ACN 149 796 332) (the Company ) is undertaking a 1 for 2 pro rata non-renounceable entitlement issue ( Entitlement Issue or Offer ) of approximately 16,000,000 listed Options ( Options ) to raise approximately $32,000 (less expenses of the Offer). The price of Options under the Offer is $0.002 each ( Issue Price ). The Company lodged a prospectus for the Offer ( Prospectus ) with ASIC and ASX on 16 October 2013.
The funds raised from the Offer will be applied towards the Company’s ongoing working capital requirements, including funding exploration and meeting the commitments in respect of the Company’s existing exploration projects over the next 12 months and expenses of the Offer.
The Offer is being made to all shareholders of the Company ( Shareholders ) named on its register of members at 5pm (WST) on 25 October 2013, whose registered address is in Australia or New Zealand.
The Options will rank equally with all fully paid ordinary shares in the capital of the Company ( Shares ) already on issue.
Following completion of the Offer, the Company will have issued 16,000,000 Options resulting in total Options on issue of 16,000,000.
A copy of the Prospectus is available on ASX’s and the Company’s website. Eligible Shareholders will be mailed a Prospectus together with an Entitlement and Acceptance Form no later than 31 October 2013. Your entitlement will be set out on the personalised Entitlement and Acceptance Form accompanying the Prospectus.
Ineligible shareholders
A Shareholder who has a registered address outside Australia and New Zealand ( Ineligible Shareholder ) will not be eligible to participate in the Offer.
You are not eligible to participate in the Offer and you will not be sent a copy of the Prospectus. This decision has been made pursuant to Listing Rule 7.7.1(a) of the ASX Listing Rules after taking into consideration the costs of complying with legal and regulatory requirements in jurisdictions outside of Australia and New Zealand compared with the small number of Ineligible Shareholders and the number and value of New Shares to which they would otherwise be entitled.
If you have any queries concerning the Entitlement Issue, or the action you are required to take to subscribe for Options, please contact your financial adviser or Paul Lloyd on +61 8 9476 9209 .
Yours sincerely
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Paul Lloyd Director