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LIVIUM LTD — Capital/Financing Update 2013
Sep 1, 2013
65239_rns_2013-09-01_062ef517-079c-485b-9c45-263179cc8ed3.pdf
Capital/Financing Update
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ASX Announcement
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2 September 2013
COMPANY DETAILS
ABN : 29 126 129 413
PRINCIPAL AND REGISTERED OFFICE Midwinter Resources NL Suite 3 23 Belgravia Street Belmont WA 6104
POSTAL ADDRESS PO Box 588 Belmont WA 6984
Successful share placement and proposed share purchase plan to raise up to $1.3M to progress the acquisition of an interest in the Mantos Grandes Copper/Gold Project and for exploration on the Project
Midwinter Resources NL ("Midwinter", or the “Company”) is pleased to announce that it has received commitments for a capital raising of 15m ordinary shares at $0.055 per share to raise $0.8m. For every three shares issued, one attaching unlisted option will be granted. Each option will have a 10c exercise price, exercisable within 24 months from the date of grant (the “Placement”). The Placement falls within Midwinter’s placement capacity as approved by shareholders on 30 August 2013. Subject to receipt of cleared funds it is anticipated the shares and options will be issued this week.
W www.midwinterresources.com.au
P +61 8 6145 0288 F +61 8 9475 0847
ASX CODE MWN
CORPORATE INFORMATION (2 September 2013) 43M Ordinary Shares 12M Contributing Partly Paid Shares 6M Unlisted Options
BOARD OF DIRECTORS Martin Pyle (Non-Executive Chairman) Adrian Griffin (Managing Director) Bryan Dixon (Non-Executive Director)
Philip Miolin (Non-Executive Director) David Seymour (Non-Executive Director) Eduardo Javier Valenzuela (Non-Executive Director)
Furthermore Midwinter has resolved to raise up to $0.5 million via a Share Purchase Plan to existing shareholders (the “SPP”).
A total of approximately 9m ordinary shares at 5.5 cents per share will be offered under the SPP to eligible shareholders, being those shareholders who were registered holders of Midwinter shares at 5.00pm (WST) on Friday, 30 August 2013 with a registered address in Australia or New Zealand. SPP documentation, including the full terms and conditions of the offer and a timetable, will be sent to eligible shareholders shortly. The SPP will allow eligible shareholders to subscribe for up to $15,000 worth of ordinary shares at $0.055 per share.
Commenting on the capital raising, Midwinter’s Managing Director, Adrian Griffin stated “It is gratifying to see strong support for the recent placement in a market where risk funding for junior companies has all but dried up. This success is a testimony to the interest generated by the Mantos Grandes copper/gold deposit. Midwinter would like to extend the benefits of a discounted equity offer to existing shareholders and is providing the SPP to allow those shareholders to participate. This provides the opportunity for shareholders to increase their position without brokerage fees or the price sensitivity associated with buying on-market”.
Funds raised pursuant to the Placement and the SPP will be used towards the acquisition of, and exploration on, the Chilean projects and for working capital purposes.
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About Midwinter Resources
Midwinter Resources NL is an Australian based exploration company established to generate significant shareholder wealth by identifying, acquiring, exploring and/or developing substantial mineral projects that possess the potential for significant cashflow and/or exploration upside.
Investors wanting more information should contact:
Adrian Griffin Managing Director T: +61 8 6145 0288
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