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LARK DISTILLING CO. LTD — Capital/Financing Update 2012
Nov 12, 2012
65265_rns_2012-11-12_6b2993ff-f5f7-455a-abd4-a40cc4043a12.pdf
Capital/Financing Update
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Montec International Limited ABN: 62 104 600 544
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Level 3, 70 Pitt Street SYDNEY NSW 2000 PO Box 991 Rozelle NSW 2039 Australia
[email protected] www.montecinternational.com
Telephone: +61 1300 134 875 Facsimile: +61 2 9233 4497
13 November 2012
Renounceable Rights Issue Closes
The Directors of Montec International Limited (ASX:MTI) are pleased to announce that on 8 November 2012, the Company’s renounceable, partially underwritten Rights Issue closed with the results below:
| No. of Shares | Amount ($) | |
|---|---|---|
| New shares offered under the Rights Issue | 819,233,408 | 819,233 |
| Total entitlement acceptances | 42,776,702 | 42,777 |
| Total acceptances under Shortfall Facility | 3,965,892 | 3,966 |
| Underwritten Shares | 624,257,406 | 624,257 |
| Total shortfall | 148,233,408 | 148,233 |
As noted in the Rights Issue Offer Document, priority sub-underwriting commitments have been applied towards the reduction of debt.
The Directors have reserved the right, subject to the requirements of the Listing Rules and the Corporations Act 2001, to place any remaining shortfall at their discretion within 3 months of the closing date. The Directors will look to place the balance of the shortfall and will advise the market in due course.
An Appendix 3B and any required notices in relation to changes in directors’ interests will be released following the allotment of shares.
Allotment of shares is scheduled to take place on 16 November 2012 with dispatch of confirmation statements scheduled for the same date.
Yours faithfully,
Nick Geddes
Company Secretary