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ORA BANDA MINING LTD — Capital/Financing Update 2019
May 5, 2019
65475_rns_2019-05-05_90d4c660-bf6e-4995-b62d-05789e89f35a.pdf
Capital/Financing Update
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ASX Announcement
6 May 2019
Despatch of Non-Renounceable Pro-Rata Entitlement Prospectus and Entitlement and Acceptance Forms Complete
Eastern Goldfields Limited (Subject to Deed of Company Arrangement) (ASX:EGS) (“Company”) is pleased to announce that despatch of the Prospectus and the Entitlement and Acceptance Forms to eligible shareholders in relation to the Company's non-renounceable pro-rata entitlement offer to raise up to $7.6 million (before costs) ( Offer ) has been completed.
A copy of the Prospectus in relation to the Offer was lodged with ASIC and announced to ASX on 30 April 2019. The Prospectus also contains separate offers of securities that relate to the offer of shortall shares, placement shares, lead manager options and noteholder options ( Offers ). The timetable for the Offers is as follows:
| Event | Indicative Date |
|---|---|
| Despatch Prospectus and Notice of Meeting | 6 May 2019 |
| Entitlement Offer Opening Date | 6 May 2019 |
| New Convertible Note raising commences | 6 May 2019 |
| Entitlement Offer Closing Date | 15 May 2019 |
| Allocate Shortfall Shares | 20 May 2019 |
| New Convertible Note offer closes | 20 May 2019 |
| Entitlement Offer / New Convertible Note proceeds received by the Company | 27 May 2019 |
| Issue Entitlement Offer Shares, Shortfall Shares and New Convertible Notes | 27 May 2019 |
| Creditors' Trust established, DOCA effectuated and Company comes out of DOCA | 27 May 2019 |
| Despatch of holding statements | 28 May 2019 |
| Complete Proxy Forms for General Meeting and AGM | by 5 June 2019 |
| Voting Cut-Off Date for General Meeting and AGM | 5 June 2019 |
| General Meeting and AGM | 7 June 2019 |
| Issue of Shares to creditors | 11 June 2019 |
| Issue of Placement Shares | 11 June 2019 |
| Expected date for Shares to recommence trading on ASX | 19 June 2019 |
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The above timetable is indicative only and subject to change. Subject to the Listing Rules, the Directors reserve the right to vary these dates without prior notice. The Directors reserve the right not to proceed with the whole or part of the Offers at any time prior to allotment. In that event, the relevant application monies will be returned without interest in accordance with the Corporations Act.
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| InvestorQueries: | MediaQueries: |
|---|---|
| David Quinlivan | Shane Murphy |
| Managing Director | FTI Consulting |
| +61 418 948 944 | [email protected] |
| +61 420 945 291 |
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