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MINDAX LIMITED — Capital/Financing Update 2017
Oct 19, 2017
65308_rns_2017-10-19_798503c1-404e-4203-ab51-d6849c11244a.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
CAPITAL RAISING - UPDATE
20 October 2017
ASX Code: MDX ABN: 28 106 866 442
Principal Address
Suite 2 11 Ventnor Avenue West Perth WA 6005 Telephone: +61 8 9389 2111 Facsimile: +61 8 9389 2199 Email: [email protected]
Registered Office
Suite 2 11 Ventnor Avenue West Perth WA 6005
Investor Enquiries
Mr Benjamin Chow Chairman Telephone: +61 8 9389 2111 Email: [email protected]
On 11 July 2017 shareholders of Mindax Limited (ASX: MDX )( Company ) approved a placement of shares to refinance the Company. (refer notice of meeting lodge with ASX on 13 June 2017)
The approval was among other things, granted subject to, the issue and allotment of the shares within three months of the date of shareholder approval (i.e. 10 October 2017).
As at 10 October 2017, $400,000 of the total funding package has been received by the Company with the balance held up due to unforeseen circumstances at the source jurisdiction. Confirmation that the funds will still be provided has been received and discussions have continued, with the parties providing the funding to determine when the balance of the funding package will be received. The latest indications are early to mid November 2017.
As the original approval has lapsed, the Company will seek shareholder approval to re-fresh this approval, for the balance of the funding, at its forthcoming Annual General Meeting.
Further updates will be provided once additional details are known.
End of Announcement
For further information contact:
Benjamin Chow Chairman Mindax Limited Telephone: +61 8 9389 2111
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MINDAX LIMITED | www.mindax.com.au