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LARK DISTILLING CO. LTD Capital/Financing Update 2007
65265_rns_2007-05-20_cf1b1109-d63e-4f16-b91f-65399def72f5.pdf
Capital/Financing Update
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Montec International Limited ABN: 62 104 600 544
Level 6, 55 York Street Sydney NSW 2000 Australia
[email protected] www.montec-international.com
Telephone: +61 2 9299 0011 Facsimile: +61 2 9299 1499
ASX & MEDIA RELEASE
21 May 2007
The Manager Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000
PLACEMENT OF SHORTFALL
As announced on 24 April 2007, Montec International Limited (ASX: MTI) received valid applications for 59,762,362 of the 74,316,002 new ordinary shares with attaching options that were offered pursuant to the prospectus dated 20 March 2007 in relation to its recent renounceable rights issue.
MTI is pleased to confirm the placement of 5,786,154 new ordinary shares and an equivalent number of attaching options, being the placement of part of the shortfall from the rights issue raising a further \$289,307 before costs. No further issues will be made under the prospectus.
The total proceeds from the rights issue (including proceeds from the placement of part of the shortfall) is approximately \$3.277 million before capital raising costs.
Ends
Terry Cuthbertson Chairman Montec International Limited Tel: +61 2 9299 0011
Peter Herd Managing Director Montec International Limited Tel: +61 2 9299 0011
Investor Relations & Media Enquires:
Rod North Bourse Communications Pty Ltd Tel: +61 3 9510 8309 Mob: +61 (0) 408 670 706
ABOUT MONTEC INTERNATIONAL LIMITED (MTI)
Montec International Limited holds certain rights to the manufacture and marketing of monounsaturated, cholesterol-free dairy products. The Company's current focus is on China, where it is building its range of white and flavoured milks under the registered trademarks "dairypure" and "Meng Tai", currently distributed through more than 2,700 outlets, predominantly in Beijing and Shanghai. Planned outlet growth, brand development and extensions into monounsaturated ice cream, yoghurts and other products will provide the base for the company's future growth.