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RAGNAR METALS LIMITED — Capital/Financing Update 2016
Apr 5, 2016
65660_rns_2016-04-05_996e6174-874e-40f0-9195-6c633f82425c.pdf
Capital/Financing Update
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Suite 12, Level 1, 11 Ventnor Avenue West Perth WA 6005 P: +61 8 6141 3585 F: +61 8 6141 3599 E: [email protected]
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ASX Announcement 6 April 2016
Non-Renounceable Rights Offer Closure and Notice of Shortfall
Drake Resources Limited (ASX Code DRK) advises that the non-renounceable entitlement issue of a maximum of 223,961,205 New Shares on the basis of 10 New Shares for every 32 Shares held by Shareholders registered at the Record Date at an issue price of $0.002 per New Share to raise up to $447,922, pursuant to the Prospectus dated 11 March 2016, closed on 4 April 2016. The results of the entitlement issue are as follows:
| Total number of shares on offer: | 223,961,205 |
|---|---|
| Total number of shares validly applied for: | 68,389,456 |
| Total Value of shares validly applied for: | $136,779 |
| Number of applications received | 191 |
| Pro-rata shortfall shares: | 155,571,749 |
The offer is fully underwritten by 708 Capital Pty Ltd.
For further information, please contact:
Mr Jay Stephenson
Company Secretary, Drake Resources +61 (0)8 6141 3585