AI assistant
LATITUDE 66 LIMITED — Capital/Financing Update 2012
Jan 17, 2012
65213_rns_2012-01-17_4bf55cde-8404-4612-9ccb-7c7e2c6307af.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [264 x 39] intentionally omitted <==
ASX ANNOUNCEMENT
January 18[th] 2012
EXTENSION OF SHAREHOLDER PURCHASE PLAN
Syndicated Metals Limited (ASX:SMD) (“Syndicated” or the “Company”) wishes to advise shareholders that it has decided to extend the closing date of the Company’s Shareholder Purchase Plan ( SPP ) to Friday, 10 February 2012 . The SPP was first announced by the Company on 24 November 2011.
The offer was initially set to close on January 20 2012, however due to the December – January holiday period Syndicated has yet to receive assay results for drilling completed at the Kalman project in mid-December as well as results of other sampling in the Kalman area. The Company expects to release these results shortly.
The extension of the closing date of the SPP will provide additional time for shareholders to consider these exploration results once announced, and to take advantage of the SPP offer which entitles eligible shareholders to subscribe for up to $15,000 worth of new fully paid ordinary shares at an issue price of 8.5 cents per share. (Eligible Shareholders are shareholders with a registered address in Australia or New Zealand that were registered as shareholders on the record date of 23 November 2011.)
A revised timetable for the SPP is set out below:
| Event | Date |
|---|---|
| SPPOfferCloses | 5.00pm(Perthtime) on 10February2012 |
| SPP AllotmentDate | 17 February2012 |
| Dispatch of holding statements /confirmationadvices | 20February2012 |
These dates are indicative only and are subject to change. The directors of the Company reserve the right to amend this indicative timetable without notice. The commencement of trading of new shares issued is subject to confirmation from the ASX. Eligible shareholders that wish to participate in the SPP are encouraged to submit their application early by cheque or via BPAY to ensure it is received before the closing date.
Company Background
BOARD OF DIRECTORS Russell Davis
Chairman and Managing Director Bruce McCullagh Non-Executive Director & Company Secretary Jan Hope Non-Executive Director Ki Deok (KD) Park Non-Executive Director
CORPORATE
ABN 61 115 768 986 Market Capitalisation ( 16.1.2012) $9 million (at 8c per share) Issued Capital (16.1.2012) 112.93 million ordinary shares 21.5 million unlisted options Cash ( 30.9.2011): $2.3 million
CONTACT DETAILS Principal & Registered Office Level 1, 68 Hay Street SUBIACO WA 6008 Phone +61 8 9380 9440
Fax
+61 8 9380 9449
Email [email protected] Website www.syndicatedmetals.com.au
Syndicated is focused on the discovery and development of base metal deposits within its prospective project areas in the mineral-rich Mount Isa region in Northwest Queensland.
The Company is building on its substantial metal resource inventory in the Mount Isa region based on its interests in the Barbara, Blue Star and Green Zone copper-gold deposits and the Kalman molybdenum-rhenium-copper-gold deposit, all of which are located within 60 kilometres of existing infrastructure at the Mount Isa mining centre.
Korea Zinc Company Ltd, through its Australian subsidiaries holds a 12% interest in Syndicated.
For further information on the Company view our website at www.syndicatedmetals.com.au or contact: Russell Davis Chairman and Managing Director T: 0419 195 087
Postal Address
GPO Box 2810 Perth WA 6000
ASX CODE SMD
==> picture [69 x 69] intentionally omitted <==