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RED MOUNTAIN MINING LIMITED — Capital/Financing Update 2015
Jan 19, 2015
65719_rns_2015-01-19_58ab031d-0e66-4184-b8d6-b00908c249d8.pdf
Capital/Financing Update
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RED MOUNTAIN MINING LTD (ASX:RMX) 20 JANUARY 2015
ASX ANNOUNCEMENT
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RIGHTS ISSUE CLOSING DATE EXTENDED
The Board of Directors of Red Mountain Mining Limited (the Company, ASX:RMX) advises that the closing date for its current Non-Renounceable Rights Issue has been extended to Tuesday 3 February 2015.
The Prospectus for the Rights Issue was lodged with ASIC and released on ASX on 6 January 2015; and is available on the Company’s website www.redmm.com.au. Unfortunately, due to an administrative error, the version of the Prospectus mailed in hard copy to shareholders on 16 January 2015 was incorrect. The correct version of the Prospectus and a new Entitlement and Acceptance form will be mailed to eligible shareholders on Thursday 22 January 2014. Shareholders must use the new Entitlement and Acceptance form to take up their rights.
The Rights Issue is available for participation on the basis of one (1) new share for every four (4) shares held by shareholders on the record date, at an issue price of A$0.004 (0.4 cent) per new share and for every two (2) shares issued under the Rights Issue, the Company will grant one (1) RMXO Option, exercisable at $0.012 each on or before 31 March 2016 and one (1) 0.6c Option, exercisable at $0.006 each on or before 30 June 2016. The timetable for the closing and completion of the Rights Issue is now as follows:
| New Date | **Event/s ** |
|---|---|
| 3 February2015 | Rights Issue Closes |
| 4 February2015 | Tradingon deferred settlement basis |
| 6 February2015 | NotifyASX of under subscriptions |
| 10 February2015 | Issue date |
| 11 February2015 | Normal tradingresumes and despatch date |
The Directors of Red Mountain Mining Limited recommend the Rights Issue and encourage all eligible shareholders to participate in the capital raising. Eligible shareholders may also apply for additional new shares above their entitlement. The Directors reserve the right to place any shortfall under the Rights Issue within three (3) months of the Closing Date of 3 February 2015.
For further information about Red Mountain please visit www.redmm.com.au or contact:
Company Investors: Media Jon Dugdale Matt Birney Managing Director Birney Corporate (+61) 402 298 026 (+61) 419 217 090
(+61) 8 9226 5668 (+61)8 9226 5668 E : [email protected] E : [email protected]
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ASX code: RMX COMPANY DIRECTORS CONTACT DETAILS ABN 40 119568106 Neil Warburton Michael Wolley RED MOUNTAIN MINING LTD Non-Executive Chairman Non-Executive Director Head Office Jon Dugdale Shannon Coates Unit 1, 2 Richardson Street Managing Director Company Secretary West Perth Western Australia 6005 www.redmm.com.au [email protected]