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MOTIO LTD — Capital/Financing Update 2013
Oct 29, 2013
65390_rns_2013-10-29_907a1639-230b-4f9a-a375-d0a75d52c92e.pdf
Capital/Financing Update
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30 October 2013
Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000
Rights Issue Close and Notice of Undersubscriptions
White Eagle Resources Limited ( White Eagle or the Company ) is pleased to advise that its recently announced non-renounceable rights issue ( Rights Issue ) closed on 25 October 2013. The Rights Issue offered eligible shareholders the opportunity to subscribe for one (1) new fully paid ordinary share in the Company for every one (1) share held on the Record Date at an issue price of $0.005 per share.
A summary of valid applications received is set out below.
| Shares | Proceeds | |
|---|---|---|
| Total shares offered | 211,564,200 | $1,057,821 |
| Shares validlyapplied for under the Rights Issue | 73,470,205 | $367,351 |
| Oversubscriptions accepted | 2,868,126 | $14,340 |
| Total Shares to be issued | 76,338,331 | $381,691 |
| RemainingShortfall available to beplaced bythe Board | 135,225,869 | $676,129 |
It is the Board’s intention to place the shortfall of the Rights Issue prior to 25 January 2014, at the discretion of the Directors.
Matthew Foy Company Secretary