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MOHO RESOURCES LIMITED — Capital/Financing Update 2019
Mar 27, 2019
65359_rns_2019-03-27_2cd75baa-d715-4ffa-a575-0c6ca366a903.pdf
Capital/Financing Update
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M O H O R e s o u r c e s L t d S u i t e 1 / 2 2 R a i l w a y R d S u b i a c o , W A , 6 0 0 8
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28 March 2019
Entitlement Issue – Shortfall Notice
Moho Resources Limited (“Moho” or “the Company”) advises that the non-renounceable entitlement issue of one (1) quoted Option for every three (3) Shares held to raise approximately $70,808 (before costs) (“Entitlement Issue” or “Offer”) as announced to the ASX on 5 March 2019, closed on 25 March 2019.
The Company received total application proceeds for the Entitlement Issue Options of $48,299. Accordingly, the Company advises the results for the Entitlement Issue are:
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Number of Entitlement Issue Options subscribed for: 9,659,845
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Number of Shortfall Options: 4,501,686
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Total Number of Options offered under the Offer: 14,161,531
The Options will be issued in accordance with the timetable for the Entitlement Issue, expected to be on or about 1 April 2019. At this time the Company will also apply for quotation of the existing 721,575 options on issue that are on the same terms as the Entitlement Issue Options and are not subject to escrow restrictions. The remaining 12,787,134 options on issue on the same terms as the Entitlement Issue Options will remain as unlisted until they are released from escrow, at which point the Company will also apply for quotation of these options.
The Directors will proceed to place the Shortfall Options at their discretion within three months of the date of the Prospectus, being 5 March 2019.
Yours faithfully Ralph Winter
Commercial Director
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