AI assistant
PRODIGY GOLD NL — Capital/Financing Update 2008
Oct 6, 2008
65615_rns_2008-10-06_52fe06a1-80be-4537-a5c0-6beaeea7d782.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX CODE: ABU
==> picture [159 x 137] intentionally omitted <==
==> picture [140 x 56] intentionally omitted <==
7 October 2008
ASX ANNOUNCEMENT / MEDIA RELEASE
ABM RESOURCES SHARE PURCHASE PLAN: CHANGE OF TERMS
ABM Resources NL (ASX: ABU) has been successful in placing 84 Million ordinary new shares to raise $1 Million from institutional and sophisticated investors of Blackwood Capital Limited. Details of the placement were announced to the ASX on 6 October 2008. The Board of ABM Resources has resolved to amend the terms of the current Share Purchase Plan (“SPP”) offer in order to provide existing shareholders the best possible price allowable under the ASX listing rules and ASIC regulations. The SPP provides shareholders with the opportunity to increase their shareholding and participate in the anticipated continued growth of the Company at the revised share issue price. The revised share issue price is a reflection of the recent volatility and instability of global financial markets.
The new Indicative Timetable is as follows:
| The new Indicative Timetable is as follows: | |
|---|---|
| Announcement Date of Change of Terms | 7 October 2008 |
| New Record Date | 7 October 2008 |
| Dispatch of new offer documents | 10 October 2008 |
| Modified Closing Date of Offer | 29 October 2008 |
| Issue of Shares under the Plan | 31 October 2008 |
| Quotation of Shares on ASX | 31 October 2008 |
| Dispatch date for holding statements | 3 November 2008 |
As at the record date of 7 October 2008, eligible shareholders will have the opportunity to purchase additional ABM shares for 1.648 cents per share. Shareholders can elect to take allocations of $999.99, $2999.99 or $5000 parcels of shares. The maximum number of shares that can be issued is approximately 193 million.
The issue price represents a 20% discount to the volume weighted average price of the Company’s shares in the five trading days prior to the announcement (2.06 cents per share as determined by share trading on the ASX).
Any shareholder who has accepted the original offer will be issued with the increased number of shares based on the new offer price. Rounding difference will be rounded up to the next full share.
For further information please contact:
Mr Imants Kins Executive Chairman +61 8 94239777
==> picture [424 x 46] intentionally omitted <==