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MEEKA METALS LIMITED — Capital/Financing Update 2012
Sep 23, 2012
65312_rns_2012-09-23_4e1a41ec-fd0b-4077-ac9f-1c48ce184292.pdf
Capital/Financing Update
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24 September 2012
Market Announcements Platform Australian Securities Exchange
Receipt of Rights Issue Shortfall Funds
On 6 September 2012, the Directors of Integrated Resources Group Ltd (“IRG”, “the Company”) announced the signing of a mandate agreement with Ventnor Securities Pty Ltd and BBY Limited (“Ventnor and BBY”) for the placement of the shortfall from IRG’s recent rights issue to raise $673,649.
IRG is pleased to advise that the shortfall funds have been received and as per the mandate agreement are currently held in escrow pending approval by IRG shareholders at the forthcoming Annual General Meeting (“AGM”) of a placement of 400 million shares at 0.2 cents per share. The placement shares will each have a free attaching (unlisted) option to subscribe for a further share at an exercise price of 0.225 cents per option with an expiry date of 30 June 2015. On approval and successful completion of the placement, IRG will have raised a total of just over $1.8 million (before costs) in new funds.
The Company anticipates mailing the notice of meeting for the AGM to shareholders in the coming days.
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J.G.Smith Company Secretary
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Integrated Resources Group Limited ABN 23 080 939 135 Suite 2003, 109 Pitt Street NSW 2000 P (02) 9962 8053 F (02) 9475 1060