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POINTERRA LIMITED Capital/Financing Update 2014

Jan 8, 2014

64255_rns_2014-01-08_40971203-5ee0-473d-a919-99b801b98043.pdf

Capital/Financing Update

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ASX:SOI

9 January 2014

Submit by fax or electronically

Company Announcements Office ASX Limited Exchange Plaza 2 The Esplanade Perth, WA. 6000

Dear Sir/Madam,

SOIL SUB TECHNOLOGIES LIMITED (ASX: SOI) – CAPITAL RAISING

The Company wishes to announce the successful completion of a capital raising for the amount of $318,000:

  • $228,000 via the placement of 71,250,000 fully paid ordinary shares (Shares) at 0.32 cents per share and 77,500,000 free attaching Options (exercise price $0.005 with expiry date of 30 November 2015)

  • $90,000 via the issue of 9 convertible notes.

77,500,000 Options were issued under the Company’s placement capacity pursuant to ASX Listing Rule 7.1 and 71,250,000 Shares under ASX Listing Rule 7.1A.

90,000,000 Shares and 45,000,000 Options were issued from receipt of conversion notices from selected note holders per resolution 3 of Notice of Meeting for EGM held 16 August 2013.

Information required under ASX Listing Rule 3.10.5A

The Company provides the information as required under ASX Listing Rule 3.10.5A as follows:

  • (a) Dilution to existing shareholders as a result of the issue:

    • Under Listing Rule 7.1 is 8.19% (assuming all Options issued under this Placement are exercised)

    • Under Listing Rule 7.1A is 7.53%

The total dilution to existing shareholders as a result of the placement is therefore 15.72 %.

  • (b) the approximate percentage of the issued capital post the 7.1A placement held by the pre-placement security holders and new security holders are as follows:

Appendix 3B New issue announcement

Pre-placement securityholders who didnotparticipate in theplacement 92.47%
Pre-placement securityholders who did participatein theplacement 2.25%
Participants in theplacement who were notpreviouslysecurityholders 5.28%
  • (c) The Company issued shares to sophisticated investors as it was considered to be a more expedient method for raising funds in the current market environment. The placement has allowed the Company to introduce new investors to its register.

  • (d) The allocation of shares under the placement where made with RM Capital Pty Ltd acting as lead manager.

  • (e) No underwriting agreements were in place for the placement.

  • (f) Commission for the placement is 6% (plus GST) of the total funds raised.

Information under section 708(5)(e) of the Corporations Act

The Company gives this notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) (“ Act ”) and advises that the Shares were issued without disclosure to investors under Part 6D.2 of the Act. The Company, as at the date of this notice, has complied with:

  • (a) the provisions of Chapter 2M of the Act as they apply to the Company; and (b) section 674 of the Act.

As at the date of this notice there is no information that is excluded information for the purposes of sections 708A(7) and (8) of the Act.

Yours Sincerely

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Keong Chan Company Secretary