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MOHO RESOURCES LIMITED — Capital/Financing Update 2019
Mar 6, 2019
65359_rns_2019-03-06_77816029-2a03-4e70-970b-67ec4eaabe7f.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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7 March 2019
Dear Shareholder
LOYALTY OPTION ENTITLEMENT ISSUE
On 5 March 2019, Moho Resources Limited (“Moho” or “the Company”) lodged a prospectus with ASIC and ASX (“Prospectus”) for a non-renounceable entitlement issue of one (1) quoted Option for every three (3) Shares held (“Entitlement Issue” or “Offer”) to raise approximately $70,808 (before costs). The price of the Options under the Offer is $0.005 each (“Issue Price”), exercisable at $0.25 on or before 9 July 2023.
The purpose of the Offer is to recognise the invaluable support the Company has received from its Shareholders.
For the purposes of calculating each eligible shareholder’s entitlement, fractions of entitlements have been rounded up to the nearest whole number. Shares issued upon the exercise of the Options will rank equally with all fully paid ordinary shares in the capital of the Company already on issue.
All Shareholders registered at 5:00pm WST on 11 March 2019 with a registered address in Australia or New Zealand will be entitled to participate in the Entitlement Issue. Shares purchased on market on or after the “Ex Date” of 8 March 2019 will NOT be entitled to participate in the Entitlement Issue. If you have any doubt, please consult your sponsoring broker.
Full details of the Entitlement Issue (including the use of funds) are contained in the Prospectus . The Prospectus is available on ASX’s website and the Company’s website at www.mohoresources.com.au
The Prospectus together with an Entitlement and Acceptance Form will be mailed or emailed (depending on your communication preference) to all eligible shareholders on 14 March 2019. Other key dates which shareholders should note are as follows:
| EVENT | DATE |
|---|---|
| ‘Ex’ Date | 8 March 2019 |
| Record Date for determining Entitlements (5:00pm WST) |
11 March 2019 |
| Closing Date (5:00pm WST) | 25 March 2019 |
| Issue date / New Options entered into shareholders’ security holdings |
1 April 2019 |
| Quotation of New Options issued under the Offer | 2 April 2019 |
Application for Options under the Entitlement Issue may only be made by completing the Entitlement and Acceptance Form which accompanies the Prospectus. Shareholders eligible to participate in the Entitlement Issue should read the Prospectus carefully. For further information on the Entitlement Issue you should contact your professional adviser.
Yours faithfully Ralph Winter Commercial Director
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