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MINERAL COMMODITIES LTD — Capital/Financing Update 2023
Oct 30, 2023
65371_rns_2023-10-30_62fb7c03-8c41-4cc3-a54d-f40df0940196.pdf
Capital/Financing Update
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ASX: MRC 31 October 2023
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ASX RELEASE
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CORRECTION TO RELEASE - SUCCESSFUL COMPLETION OF ACCELERATED INSTITUTIONAL ENTITLEMENT OFFER
Mineral Commodities Ltd (ASX:MRC) (“ MRC ” or the “ Company ”) advises of an error contained it its ASX release of 30 October 2023 concerning the successful completion of its accelerated institutional entitlement offer (“ Release ”).
The text of the Release incorrectly stated on page two the Record Date for the Retail Offer as Tuesday, 2 November 2023 instead of the correct date of Monday, 30 October 2023 , and on page one that the Retail Offer would open on Tuesday , 2 November 2023, instead of Thursday , 2 November 2023.
The indicative timetable for the Entitlement Offer contained in the Release is correct and remains as follows:
Entitlement Offer indicative timetable
| Entitlement Offer indicative timetable | |
|---|---|
| Announcement of results of the Institutional Offer | Monday,30 October 2023 |
| MRC shares recommence trading on an ex- entitlement basis |
Monday, 30 October 2023 |
| Record date for Retail Offer | 5.00pm (AWST) Monday, 30 October 2023 |
| Retail Offer opens (Prospectus dispatched to eligible retailshareholders) |
Thursday, 2 November 2023 |
| Settlement of Accelerated Institutional Offer | Thursday,2 November 2023 |
| Issue of New Shares issued under the accelerated | Prior to 9:00am (AWST) on |
| Institutional Offer | Thursday, 2 November 2023 |
| Commencement of trading of New Shares issued under the accelerated Institutional Offer |
Friday, 3 November 2023 |
| Retail Offer closing date | 5.00pm (AWST) Thursday, 16 November 2023 |
| Announcement of results of the Retail Offer | Thursday,23 November 2023 |
| Quotation of New Shares under Retail Offer | Friday,24 November 2023 |
Note – The timetable is indicative only and subject to change at the Company’s discretion. The commencement and quotation of new shares is subject to confirmation from ASX. Subject to the requirements of the Corporations Act, the ASX Listing Rules and other applicable rules, MRC reserves the right to amend this timetable at any time, including extending the period for the Entitlement Offer or accepting late applications, either generally or, in particular cases, without notice. Changes will be advised to the ASX. Unless otherwise specified, all times and dates refer to AWST.
ABN 39 008 478 653 [email protected] www.mncom.com.au
T: +61 8 6373 8900
PO Box 91 BELMONT WA 6984
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ASX: MRC ASX: MRC
31 October 2023
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This timetable is indicative only and subject to change. Subject to the ASX Listing Rules and the Corporations Act, the directors of the Company reserve the right to vary these dates, including the Opening Date and Closing Date, without prior notice.
This release has been authorised on behalf of Mineral Commodities Ltd by the Board of the Company.
ENDS
Issued by Mineral Commodities Ltd ACN 008 478 653 www.mineralcommodities.com Authorised by the CEO and Company Secretary, Mineral Commodities Ltd
For further information, please contact:
INVESTORS & MEDIA CORPORATE Scott Lowe Katherine Garvey CEO Company Secretary T: +61 8 6373 8900 T: +61 8 6373 8900 [email protected] [email protected]
About Mineral Commodities Ltd
Mineral Commodities Ltd is a global mining and development company with a primary focus on the production of high-grade Mineral Sands and Natural Flake Graphite from operations in South Africa and Norway.
The Company is a producer of zircon, rutile, garnet, magnetite, and ilmenite concentrates through its Tormin Mineral Sands Operation, located on the Western Cape of South Africa.
The Company also owns and operates the Skaland Graphite Operation in Norway, the world’s highest-grade operating flake graphite mine and is the only producer in Europe. The planned development of the Munglinup Graphite Project, located in Western Australia, builds on the Skaland acquisition and is a further step toward an integrated, downstream value-adding strategy which aims to capitalise on the fast-growing demand for sustainably manufactured lithium-ion batteries.
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ABN 39 008 478 653 [email protected] www.mncom.com.au
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