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MEEKA METALS LIMITED Capital/Financing Update 2012

Jul 17, 2012

65312_rns_2012-07-17_5d6e89e1-b0ea-4f67-b52e-320b67d7b379.pdf

Capital/Financing Update

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18[th] July, 2012

Company Announcements Office Australian Stock Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000

– Rights Issue Letter to Option Holders

Please find attached a copy of the letter which has been sent to the company’s option holders today advising details of the company’s rights issue.

Yours sincerely,

Integrated Resources Group Limited

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John Smith Company Secretary

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www.integratedres ources .com.au
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Integrated Resources Group Limited ABN 23 080 939 135 Level 20, Suite 2003, 109 Pitt Street Sydney NSW 2000 P 02 9962 8053 F 02 9445 1060

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18[th] July, 2012

Dear Option Holder

Participation in Rights Issue

Integrated Resources Group Limited (“IRG” or “the Company”) announced earlier today that it would undertake a non-renounceable rights issue of one share for every share held at $0.002 per share to raise a further A$1,008,500 before costs. A copy of the announcement which contains the rights issue is attached.

This notice is sent to you as a holder of options to acquire ordinary shares in IRG.

Your options do not carry a right to participate in the rights issue. The purpose of this letter is to give you notice of the rights issue and to give you the opportunity to exercise any of your options should you wish to participate in the rights issue in respect of the shares that would be issued to you upon exercise of any of your options. You would need to exercise your options prior to the rights issue record date of 26[th] July, 2012. Before deciding to exercise any options that you hold prior to the record date and participate in the rights issue you should consider the terms of the rights issue carefully and, if in doubt, you should consult your stockbroker, accountant or other professional adviser.

Yours sincerely,

Integrated Resources Group Limited

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John Smith Company Secretary

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www.integratedres ources .com.au
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Integrated Resources Group Limited ABN 23 080 939 135 Level 20, Suite 2003, 109 Pitt Street Sydney NSW 2000 P 02 9962 8053 F 02 9445 1060

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ASX ANNOUNCEMENT, 18 JULY 2012

RIGHTS ISSUE LAUNCHED TO FUND RENEWED

LYNDON EXPLORATION EFFORT

HIGHLIGHTS

  • 1:1 non-renounceable rights issue at 0.2 cents ($0.002) per share to raise up to $1,008,500.

  • Proceeds to fund renewed exploration push at IRG’s Lyndon (WA) gold project

  • Seek to extend high grade gold mineralisation intersected in late-2010 drilling (best intercept 4 metres at 21.5 g/t Au from 44 metres)

The Directors of Integrated Resources Group Limited (ASX: IRG, “IRG”, “the Company”) are pleased to announce the launch of a non-renounceable rights issue to raise up to $1,008,500 to finance a renewed exploration effort at the Company’s Lyndon Gold Project and to provide working capital (“the Offer”).

RIGHTS ISSUE

The rights issue offers for subscription approximately 504,249,664 New Shares under a pro-rata nonrenounceable rights issue of one (1) New Share for every Shares held by Eligible Shareholders on the Record Date at an issue price of $0.002 per New Share. The Offer will raise up to $1,008,500 (before costs) and there will be no minimum subscription.

The New Shares will be fully paid and will rank equally in all respects with IRG’s existing Shares on issue and application has been made for the New Shares to be admitted to the official list of ASX.

The Offer is underwritten as to $175,000, for no fee, by each of IRG’s Directors and Company Secretary and by a sophisticated investor. This is considered to be the minimum amount required to fund administration and related costs over a 12 month period and assumes that fees to Directors and Officers, which have not been paid since February 2012 to conserve funds, continue to be accrued.

The amount raised above the underwritten level will be applied to exploration at the Lyndon prospect and a continuation of IRG’s search for new exploration properties.

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www.integratedres ources .com.au
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Integrated Resources Group Limited ABN 23 080 939 135 Level 20, Suite 2003, 109 Pitt Street Sydney NSW 2000 P 02 9962 8053 F 02 9445 1060

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The indicative timetable for the Offer is as follows:

e indicative timetable for the Offer is as follows:
EVENT DATE
Announcement of Rights Issue -Announcement of offer
and ASX Appendix 3B, Offer memorandum and initial
Cleansing Notice lodged with ASX.
Wednesday, 18 July 2012
Notice Date- Notice sent to shareholders containing
Appendix 3B Details and an Indicative Timetable
Thursday, 19 July 2012
Ex date– The date on which IRG shares commence trading
without the entitlement to participate in theOffer
Friday, 20 July 2012
Record date– the date for determining entitlements of
Shareholders to participate in the Offer
Thursday, 26 July 2012
Offer Memorandum sent to Shareholders– dispatch of
Offer Memorandum and Entitlement and Acceptance
Forms, and lodgement of Cleansing Notice – Offer opens
Wednesday, 01 August 2012
Closing Date– The last day for receipt of Entitlement and
Acceptance Forms (5.00pm Sydney time)
Wednesday, 15 August 2012
Shortfall notification date Thursday, 16 August 2012
Despatch date– Allotment of New Shares under the Rights
Issue and despatch of holding statements
Tuesday, 21 August 2012
Expected commencement of normal trading in New
Shares on ASX
Wednesday, 22 August 2012

Subject to the ASX Listing Rules, the Directors reserve the right to vary the dates for the Offer at their discretion. Should this occur, then the extension will have a consequential effect on the anticipated date of issue and normal trading of the New Shares.

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LYNDON GOLD PROJECT

Background

In late 2010, IRG made a potentially significant discovery in drilling at its Lyndon gold project in the Gascoyne Region of Western Australia (Figure 1). Best intercepts of 4 m at 21.5 g/t Au and 4 m at 7.7 g/at Au at the Lyndon Bettina prospect and 1 m at 1.12% Cu + 1.88 g/t Au at the Broken Thumb Prospect were recorded.

During 2011, IRG completed an Induced Polarisation (IP) survey utilising gradient array and offset pole-dipole techniques on those two prospects, followed by a 275 hole programme of geochemical drilling, using the Rotary Air Blast (RAB) method.

This geophysical and geochemical work outlined both potential extensions to the existing prospects and new prospect where further drilling is warranted. Depending on the amount raised under the Offer, IRG plans to undertake this further drilling later in 2012.

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Figure 1: Location Map

Proposed Works: Lyndon Bettina Prospect

At Lyndon Bettina, the primary objective is to determine the extent of the shallow, high grade gold mineralisation intersected in the 2010 drilling programme. In addition, other geochemical and geophysical targets will be tested.

As noted above, high grade gold was intersected in drilling in late 2010 with best results as follows:

  • 4 metres at 21.5 g/t Au from 44 metres in IRBET002;

  • 4 metres at 7.7 g/at Au from 12 metres in IRBET002; and

  • 1 metre at 9.8 g/t Au from 56 metres in IRBET008.

These intersections are shown in Figure 2 below.

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Figure 2: Lyndon Bettina Drilling

Geochemical and geophysical testing has defined a number of targets for further drill testing. Figure 3 below shows anomalous bedrock geochemical results (Au) superimposed on IP chargeability at 30 metres and 120 metres depth.

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Figure 3: Lyndon Bettina Geochemistry, IP Chargeability

Drill targets have been defined as follows:

  • west, north-west and north-east of the open pits where the structures present in the open pits may extend for more than 400 metres along strike;

  • south and south-east of the area covered by RC drilling in 2010, where drilling is planned to test down-dip and along-strike extensions;

  • in the north-west at the skarn prospect; where there are three geochemical targets;

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  • in the south along the strong east-west IP anomaly that strengthens at depth.

Depending on the amount raised in the Offer, up to 3,000 metres of drilling (RAB, RC and core) is planned to test these targets.

Proposed Works: Broken Thumb Prospect

At Broken Thumb, the objective is to test a coincident geophysical and geochemical anomaly located to the east of the copper-gold mineralisation intersected in the 2010 drilling programme. The best intercept from that drilling was:

  • 1 metre at 1.12% Cu and 1.88 g/t Au from 16 metres in hole IRBT002.

Figure 4 shows gold bedrock geochemistry superimposed on IP chargeability at a depth of 90 metres.

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Figure 4: Broken Thumb Geochemistry, IP Chargeability

The IP chargeability high connects to a coherent NNE/SSW trend at depths of 120-150 metres. Up to 800 metres of RC drilling is planned to test this anomalism.

Timothy J. Moore Chairman

Technical information in this report that relates to exploration results is compiled by a Competent Person as defined in the 2004 edition of the JORC Code being Dr Angus Collins (BSc (Hons) PhD FAusIMM) who acts as a Consulting Geologist to Integrated Resources Group Limited. Dr Collins has sufficient experience in mineral exploration relevant to the styles of mineralisation and types of deposits under consideration and consents to the inclusion in the public release of the matters based on the information in the form and context in which it appears.

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