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LITHIUM UNIVERSE LIMITED — Capital/Financing Update 2013
Jun 12, 2013
65275_rns_2013-06-12_1b84902b-908e-4b24-a930-6af853c987f3.pdf
Capital/Financing Update
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Thursday, 13 June 2013
Dear Shareholder,
Share Purchase Plan: extension of closing date to 5pm (WST), Friday, 5 July 2013
Volta Mining recently announced an Exploration Target for its Kango Iron Ore Project in Gabon (refer to ASX Announcement: “Kango Iron Ore Project – Exploration Target”, dated 12 June 2013 ), and earlier today announced that discussions are underway with an industry participant with respect to formalising collaborative agreements to accelerate each parties’ respective corporate objectives ( refer to ASX Announcement: “Corporate update: financing and development of iron ore assets, Gabon”, dated 13 June 2013 ).
In light of these announcements, Volta Mining’s Board of Directors have decided to extend the deadline for participation in its Share Purchase Plan (“SPP”) to 5pm (WST), Friday, 5 July 2013 , to enable eligible shareholders, as described in the SPP documentation, the time to review and consider this positive news, and the opportunity to participate in the offer.
The SPP provides eligible shareholders on the share register as at 5pm (WST) on Friday 17 May 2013, with the opportunity to subscribe for between A$5,000 to A$15,000 worth of shares at a subscription price of A$0.066 per share.
In the event eligible shareholders who have already submitted their application would like to apply for additional shares under the SPP they are welcome to submit an additional application providing the total amount applied for does not exceed A$15,000 worth of shares at the subscription price of A$0.066 per share.
The revised timetable for the SPP is as follows:
| Record Date (5pm WST) | 17 May 2013 |
|---|---|
| Opening Date | 22 May 2013 |
| Closing Date (5pm WST)* | 5 July 2013 |
| Issue of Shares under the Plan * | 12 July 2013 |
*These dates are indicative only and may be changed at the discretion of Volta Mining.
Yours sincerely,
George Lazarou
Non-Executive Chairman