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LARK DISTILLING CO. LTD — Capital/Financing Update 2012
Oct 9, 2012
65265_rns_2012-10-09_4133f7ce-3d13-4e96-a2d8-c932b886c755.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
Telephone:+61 1300 134 875 Facsimile: +61 2 9233 4497
10 October 2012
The Manager Company Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000
Private Placement and Renounceable Rights Issue
Montec International Limited (MTI) is pleased to announce the completion of a private placement of 53,428,266 fully paid ordinary shares at $0.001 per share to professional and sophisticated investors. The placement raised $53,428.
MTI is further please to announce that it is offering all eligible shareholders the opportunity to participate in a renounceable rights issue to raise approximately $820,000 (Rights Issue).
MTI has entered into an underwriting agreement with Patersons Securities Limited to partially underwrite the Rights Issue to a value of $671,000. Priority Sub-Underwriting arrangements have also been entered into with Nebral Pty Ltd and Trandara Pty Ltd whereby Nebral Pty Ltd and Trandara Pty Ltd have agreed to priority sub-underwrite $350,000.
Eligible Shareholders are being offered two new ordinary shares in MTI for every one existing share held, at an issue price of $0.001 per share.
The record date for participating in the Rights Issue will be 7:00pm (AEDST) on 18 October 2012.
An Offer Document will be mailed to eligible shareholders together with a personalised Entitlement and Acceptance Form.
Timetable
| Timetable | |
|---|---|
| ACTION | DATE |
| Lodgement of Offer Document, Appendix 3Band Announcement of Rights Issue | 10 October 2012 |
| Notice sent to Security Holders | 11 October 2012 |
| Ex Date(date from which securities commence tradingwithout the entitlement to participate in theRights Issue) | 12 October 2012 |
|---|---|
| Rights Trading Commences | 12 October 2012 |
| Record Date(date for determining entitlements of eligibleshareholders to participate in the Rights Issue) | 18 October 2012 |
| Offer Document dispatched to Shareholders | 24 October 2012 |
| Rights Trading Ends | 31 October 2012 |
| Securities Quoted on a Deferred SettlementBasis | 1 November 2012 |
| Closing Date (5pm AEDST) | 8 November 2012 |
| Company to notify ASX of Undersubscriptions | 13 November 2012 |
| Despatch Holding Statements/ DeferredSettlement Trading Ends | 16 November 2012 |
These dates are indicative only and subject to the Listing Rules, may be varied by the Directors at their discretion.
Yours faithfully
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NJV Geddes
Company Secretary
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