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ORA BANDA MINING LTD — Capital/Financing Update 2020
Jul 9, 2020
65475_rns_2020-07-09_3701fa75-8250-46ea-801b-74a66b47001a.pdf
Capital/Financing Update
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10 July 2020
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ASX Announcement (ASX: OBM)
Not for release to US wire services or distribution in the United States
Ora Banda Completes Despatch of Offer Document
Ora Banda Mining Limited (ASX:OBM) (“ Ora Banda ” or “ Company ”) is pleased to announce that the Offer Document and accompanying Entitlement and Acceptance Form, in connection with the fully underwritten accelerated pro rata non-renounceable entitlement offer as announced on Friday, 3 July 2020 (“ Entitlement Offer ”), have been despatched to eligible retail shareholders today.
The retail component of the Entitlement Offer opens today, Friday, 10 July 2020 and is expected to close at 5:00pm (AWST) on Friday, 24 July 2020.
Eligible retail shareholders can take up all, part or none of their entitlement.
Eligible retail shareholders will also be invited to subscribe for shares over and above their entitlement, as set out in the Offer Document.
Key dates
An indicative timetable of key dates in relation to the placement and Entitlement Offer as announced to ASX on Friday, 3 July 2020 is detailed below.
| Event | Date | |
|---|---|---|
| Record Date (at 5:00pm AWST) for Entitlement Offer (Record Date) | 7 July 2020 | |
| Offer Document and Entitlement and Acceptance Form dispatched to Eligible Retail Shareholders |
10 July 2020 | |
| Retail Entitlement Offer opens (Opening Date) | 10 July 2020 | |
| Settle Tranche 1 of Placement and Institutional Entitlement Offer | 14 July2020 | |
| Anticipated issue date of New Shares under Tranche 1 of Placement and Institutional Entitlement Offer |
15 July 2020 | |
| Retail Entitlement Offer closes (at 5:00pm AWST) (Closing Date) | 24 July 2020 | |
| Announce results of Retail Entitlement Offer | 29 July 2020 | |
| Settle Retail Entitlement Offer | 30 July 2020 | |
| Anticipated issue date of New Shares under the Retail Entitlement Offer | 31 July 2020 | |
| Dispatch of holding statements and commencement of trading for New Shares issued under Retail Entitlement Offer |
3 |
August 2020 |
ADDRESS Level 1, 2 Kings Park Rd, Perth WA 6005 POST PO Box 464, West Perth WA 6872 ABN 69 100 038 266 PHONE +61 8 6365 4548 PHONE (TOLL FREE) 1300 035 592 WEBSITE www.orabandamining.com.au ENQUIRES [email protected]
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| Event | Date |
|---|---|
| Shareholder meeting to approve the issue of New Shares pursuant to Tranche 2 of the Placement |
Late August 2020 |
| Settle Tranche 2 of Placement | Late August 2020 |
Note: The above timetable is indicative only and subject to change. Subject to the Listing Rules, the Directors reserve the right to vary these dates, including the Closing Date, without prior notice. Any extension of the Closing Date will have a consequential effect on the anticipated date for issue of the New Shares. The Directors also reserve the right not to proceed with the whole or part of the Entitlement Offer at any time prior to allotment. In that event, the relevant application monies will be returned without interest.
Further details of the Entitlement Offer are set out in the Offer Document provided to the ASX on 7 July 2020 and despatched to eligible retail shareholders today. The Offer Document contains important information including key risks and foreign selling restrictions with respect to the Entitlement Offer.
If you have any questions in relation to the Entitlement Offer, please contact the Company on +61 8 6365 4548 between 8:30am and 5:00pm (AWST) Monday to Friday. For other questions, you should consult your broker, solicitor, accountant, financial adviser, or other professional adviser.
This announcement was authorised for release to the ASX by David Quinlivan, Managing Director. For more information about Ora Banda and its projects please visit our website at www.orabandamining.com.au.
Investor & Media Queries:
David Quinlivan Managing Director +61 418 948 944
Forward Looking Statement
This announcement may include forward-looking statements. These forward-looking statements are based on Ora Banda's expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Ora Banda, which could cause actual results to differ materially from such statements. Ora Banda makes no undertaking to subsequently update or revise the forward looking statements made in this announcement, to reflect the circumstances or events after the date of this announcement.
This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration of the US Securities Act and applicable US state securities laws.
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