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METRO MINING LIMITED — Capital/Financing Update 2015
Sep 1, 2015
65351_rns_2015-09-01_d17cc89b-73fb-4908-b36a-6e93b3cf0598.pdf
Capital/Financing Update
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2 September 2015
‐ Non Renounceable Entitlement Offer Close of Entitlement Offer and Subscriptions
Metro Mining Limited (ACN 117 763 443) (Company) advises that its non-renounceable entitlement issue of one (1) Share for every seven (7) Shares held by those Shareholders registered at the Record Date at an issue price of $0.08 per Share to raise up to approximately $3.6 million (before costs) (Offer) has closed.
Pursuant to the Offer the Company received applications to subscribe for 12,670,171 new Shares from eligible shareholders under the Offer to raise approximately $1,013,613.68. This represents approximately 28.3% of all Shares offered under the Offer. The Company advises that the results of the Offer are as follows:
| Total number of Shares offered under the Offer | 44,816,857 Shares |
|---|---|
| Total number of Shares applied for by eligibleshareholders under the Offer | 12,670,171 Shares |
| Shortfall | 32,146,686 Shares |
The remaining 32,146,686 Shortfall Shares will be taken up in full by the joint underwriters Argonaut Capital and GMP Securities or their nominees, as set out in the Offer Document.
Any enquiries regarding the Offer should be directed to:
Scott Waddell Company Secretary
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FOR MORE INFORMATION
ASX : MMI | ACN 117 763 443 Email : [email protected] Phone : +61 (0) 7 3009 8000 Fax: +61 (0) 7 3221 4811 Contact: Mr Simon Finnis | Chief Executive Officer | Mr Scott Waddell | Company Secretary Electronic copies and more information available on the Company website: www.metromining.com.au REGISTERED OFFICE AND HEAD OFFICE Lvl 8, 300 Adelaide St, Brisbane | PO Box 10955, Adelaide St, Brisbane Q 4000
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ASX Announcement | 02 September 2015 | Page 1