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RAIDEN RESOURCES LIMITED — Capital/Financing Update 2013
Dec 5, 2013
65675_rns_2013-12-05_e792ed46-3481-484e-9f51-abbf0062c9e6.pdf
Capital/Financing Update
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ASX Announcement
6 December 2013
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Entitlement Offer Closure and Shortfall Notification
SubZero Group Limited (ASX: SZG) ( Company ) advises that its fully underwritten, 1:3 pro rata, non-renounceable Entitlement Offer at 10 cents per New Share closed on 3 December 2013.
The result of the Entitlement Offer is set out below:
| No of Shares | Amount | |
|---|---|---|
| New Shares offered under theEntitlement Offer | 62,819,947 | $6,281,995 |
| Entitlement acceptances | 12,893,513 | $1,289,351 |
| Shortfall (before issue of AdditionalNew Shares) | 49,926,434 | $4,992,643 |
| Additional NewShares appliedfor | 2,310,011 | $231,000 |
| Shortfall balance | 47,616,423 | $4,761,642 |
In accordance with the terms of the Underwriting Agreement with Blue Ocean Equities Pty Ltd ( Underwriter ), a shortfall notice has been issued to the Underwriter for 49,926,434 Shares ( Shortfall Shares ).
The Company received valid applications for a total of 2,310,011 Additional New Shares from Eligible Shareholders. These applications will be satisfied in full out of the Shortfall Shares. The remaining 47,616,423 Shortfall Shares will be taken up by the Underwriter or its nominated sub-underwriters.
The anticipated date for the issue of all New Shares under the Entitlement Offer and despatch of holding statements is 11 December 2013, with normal trading of the New Shares to commence on 12 December 2013.
For further information:
Scott Farrell
Managing Director P: +61 2 6540 9400 F: +61 2 6540 9444
M: +61 438 251 699 E: [email protected]
Robert Lojszczyk
Chief Financial Officer P: +61 2 6540 9400 F: +61 2 6540 9444 M: +61 418 362 283 E: [email protected]
About SubZero Group Limited
The SubZero Group carries on an established mining service business based in the Hunter Valley, New South Wales. Its clients are almost exclusively involved in the Hunter Valley thermal coal mining industry. SubZero Group’s services include Mechanical Support (on and off-site mining machinery support), Structural Support (on and off-site engineering support) and Production Support (mining production support). SubZero has a presence in over 25 coal mines and over 90 clients including Rio Tinto, BHP Billiton and Xstrata. Further information can be found at the SubZero website: http://subzeroservices.com.au/