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MOHO RESOURCES LIMITED — Capital/Financing Update 2023
Nov 12, 2023
65359_rns_2023-11-12_5cbf430f-720f-4354-b1aa-9a6bbbd3df2c.pdf
Capital/Financing Update
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M O H O R e s o u r c e s L t d O f f i c e 3 / 9 L o f t u s S t r e e t W e s t L e e d e r v i l l e , W A 6 0 0 7
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13 November 2023
Close of Non-renounceable Entitlement Issue Offer
Moho Resources Limited (“Moho” or “the Company”) advises that the non-renounceable entitlement issue pursuant to the Company’s prospectus dated 20 October 2023 ( Prospectus ) closed on 9 November 2023 ( Offer ).
The Offer was extended to eligible Shareholders of the Company, being those Shareholders who are eligible to participate in the Offer as at 26 October 2023 ( Eligible Shareholders ). Under the Offer, Eligible Shareholders were entitled to one (1) fully paid ordinary share in the capital of the Company ( Share ) for every two (2) Shares held at an issue price of $0.007 per Share ( New Shares ) to raise up to $1,190,156. This Offer is fully underwritten by RM Capital Pty Ltd (ACN 065 412 820) (AFSL 315235) ( Underwriter ).
The Company received applications to subscribe for 26,349,740 New Shares. These subscriptions represent approximately 15% of all New Shares offer under the Offer.
The Company advises that the results of the Offer are as follows:
| Total number of New Shares Offered under the Offer | 170,022,216 |
|---|---|
| Total number of New Shares applied for by Eligible Shareholders under the Offer (including those Eligible Shareholders subscribing for New Shares in excess of their entitlements) |
26,349,740 |
| Shortfall Shares | 143,672,476 |
The New Shares applied for under the Offer will be issued on Thursday, 16 November 2023 in accordance with the timetable in the Prospectus. The Shortfall Shares will be placed by the Board and in conjunction with Underwriter in accordance with section 2.6 of the Prospectus. The Shortfall Shares are expected to be issued within the next 2 weeks.
This release is authorised by the Managing Director of Moho Resources Limited.
Yours faithfully Ralph Winter Managing Director and Company Secretary
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