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ORBMINCO LIMITED — Capital/Financing Update 2019
Aug 20, 2019
65473_rns_2019-08-20_cdc60350-cf05-48d5-9ece-429f61c0df97.pdf
Capital/Financing Update
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Woomera Mining Limited
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Suite 116, 147 Pirie Street Adelaide SA 5000 [email protected] www.WoomeraMining.com.au
21 August 2019
ASX Announcement
DISPATCH OF RIGHTS OFFER PROSPECTUS
Woomera Mining Limited (ASX: WML) (‘Woomera’ or ‘the Company’) is pleased to confirm that the Prospectus for the Non-renounceable Rights Offer announced on Monday 12 August 2019 (‘Prospectus’), together with the personalised Priority and Shortfall Offer Entitlement & Acceptance Form and Public Offer Application Form, have been dispatched to eligible shareholders.
Eligible shareholders are advised that the Offers under the Prospectus are now open for subscription with the proposed Closing Date being 5.00pm (ACST) Wednesday 11 September 2019.
Eligible shareholders are invited via the Prospectus to subscribe for one New Share (‘New Share’) for every 1.2 Shares held as at 7:00pm (ACST) on the record date of 16 August 2019 at an offer price of $0.025 per New Share, together with one (1) attaching option for every two (2) New Shares subscribed for (“Priority Offer”). Eligible Shareholders may, subject to conditions, apply for shares not applied for under the Priority Offer in excess of their entitlements at the same issue price of $0.025 per New Share (“Shortfall Offer”). To the extent that the number of shares applied for under the Priority Offer and Shortfall Offer is less than 111,567,118, the remaining shares will form part of a general offer to eligible shareholders and the public (“Public Offer”).
Eligible shareholders wishing to acquire new securities will need to complete the Priority and Shortfall Offer Entitlement & Acceptance Form that will accompany the Prospectus.
Eligible shareholders and prospective investors can also apply online by visiting https://wmloffer.thereachagency.com, following the instructions and then completing a BPAY payment.
Shareholders should carefully consider the Prospectus in deciding whether to acquire any securities.
Contact
Gerard Anderson Managing Director Woomera Mining Limited
Peter Taylor Investor Relations 0412 036 231 [email protected]
About Woomera Mining Limited
Woomera Mining Limited (Woomera) is an ASX listed exploration company based in Adelaide, South Australia with an extensive minerals tenement portfolio prospective for Copper, Lithium, Gold, Uranium, Iron Ore, Nickel and Cobalt. The Woomera tenement package includes tenements in the Musgrave Province of South Australia ( Musgrave Alcurra-Tieyon Project ). The Company also has tenements in the Gawler Craton which are considered prospective for IOCGU deposits, Cu-Ni-Co deposits, RE and Precious Metals. Woomera’s tenement portfolio also includes 9 granted tenements and 3 tenement applications in Western Australia including 2 tenements and 1 tenement application in the Pilbara region of WA ( Pilgangoora Lithium Project) , 3 lithium tenements near Ravensthorpe ( Mt Cattlin Lithium Project), 1 lithium tenement and 1 tenement application at Binneringie near Lake Cowan and several WA lithium brine prospects over Dundas and Dumbleyung ( Lakes Lithium Projects ).
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