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MINBOS RESOURCES LIMITED — Capital/Financing Update 2014
Jul 27, 2014
65355_rns_2014-07-27_741ab522-c9b1-412c-bf9d-fe3cbea27c71.pdf
Capital/Financing Update
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28 July 14
ASX Code: MNB PERTH OFFICE 278 Barker Road Subiaco WA 6008 Australia T: +61 8 6102 7724 E: [email protected] W: www.minbos.com
ABN: 93 141 175 493
ASX ANNOUNCEMENT/MEDIA RELEASE
Renounceable Entitlement Offer
Close of Entitlement Offer & Subscriptions
Minbos Resources Limited (“ Minbos ” or “ Company ”) (ASX:MNB) advises that its pro rata renounceable entitlement offer of two (2) fully paid ordinary shares in the capital of the Company ( Share ) for every one (1) Share held by eligible shareholders on 18 June 2014 at an issue price of $0.003 per Share to raise up to approximately $1,752,894 (before costs) ( Offer ) closed at 5.00pm on 23 July 2014.
The Company received applications to subscribe for 104,786,468 new Shares from eligible shareholders under the Offer to raise approximately $314,359. This represents approximately 36% 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 | 551,906,078 Shares |
|---|---|
| Total number of Shares applied for by eligible shareholders under the Offer |
104,786,468 Shares |
| Shortfall | 447,119,610 Shares |
104,786,468 new Shares will be issued, with trading of the new Shares expected to commence on 31 July 2014.
The Company has received applications regarding the shortfall and will consider the issue if the shortfall in due course.
The Board would like to thank shareholders for their continued support for Minbos.
ENDS
For further information please contact:
Paige Exley For media enquiries contact: Company Secretary David Ikin – Professional Public Relations [email protected] [email protected] +61 (0) 8 6102 7724 +61 (0) 8 9388 0944
28 July 14
ASX Code: MNB PERTH OFFICE 278 Barker Road Subiaco WA 6008 Australia T: +61 8 6102 7724 E: [email protected] W: www.minbos.com ABN: 93 141 175 493
About Minbos
Minbos Resources Limited ( ASX:MNB ) is an ASX-listed exploration and development company focused on phosphate ore within the Cabinda Province of Angola and the adjoining areas of the far western DRC. Through its subsidiaries and joint ventures, the Company is exploring over 400,000ha of highly prospective ground hosting phosphate ore.
Minbos is focussing on the development of the high grade Cacata project in Cabinda whilst growing its current resource base in incremental stages on the remaining deposits in Angola.
The Company’s strategy is to specifically target the exploration and development of low cost fertiliserbased commodities in order to tap into the growing global demand for fertilisers. Phosphate is an essential component in certain agricultural fertilisers, with the market supported by the increasing global demand for food and bio-fuel products.
For more information, visit www.minbos.com