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METGASCO LTD — Capital/Financing Update 2020
Jul 19, 2020
65313_rns_2020-07-19_b1bf6727-024e-44b2-80fb-9a4c37a42197.pdf
Capital/Financing Update
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ASX / MEDIA RELEASE
ASX Code: MEL
20 July 2020
ASX Market Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000
Cleansing Notice – Notice under ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547
On 20 July 2020, Metgasco Ltd (ASX:MEL) ( Metgasco or the Company ) announced its intention to conduct a Share Purchase Plan (SPP) to raise up to $2 million*, pursuant to which each eligible shareholder will have the opportunity to acquire up to $30,000 worth of fully-paid ordinary shares in the Company (SPP Shares) at a subscription price of $0.025 per share.
The SPP offer opens on 27 July 2020 and will be made in accordance with ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 (Instrument).
In accordance with the Instrument, the Company gives notice that:
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a) the SPP Shares will be offered for issue without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) (Corporations Act);
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b) this notice is being given in accordance with the Instrument
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c) as at the date of this notice, the Company has complied with:
- (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and (ii) section 674 of the Corporations Act; and
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d) there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act as if this notice were a notice under paragraph 708A(5)(e) of the Corporations Act.
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Paul Bird
Company Secretary
- The Board retains the absolute discretion to accept oversubscriptions above this target range, if deemed to be in the best interests of the Company.
Contact and further information:
Metgasco welcomes shareholder communication and invites all interested shareholders to make contact at any time.
ENDS
For further information contact: Philip Amery Ken Aitken Chairman CEO + 61 402 091 180 +61 418 736 705 [email protected] [email protected]
Metgasco Ltd ACN 088 196 383 Level 2, 30 Richardson Street, West Perth, WA [email protected] www.metgasco.com.au