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REDCASTLE RESOURCES LIMITED — Capital/Financing Update 2016
Jul 13, 2016
65668_rns_2016-07-13_7fe2a519-30a7-4082-95b1-98b8e966b775.pdf
Capital/Financing Update
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14 July 2016
The Manager Market Announcements Office Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000
Non-Renounceable Entitlement Offer – Loyalty Options
Transcendence Technologies Limited (ACN 096 781 716) ( ASX: TTL ) ( Company ) is pleased to announnce, in recognition of the ongoing support of shareholders, the opportunity to participate in a pro rata non-renounceable entitlements offer of one (1) loyalty option (exercisable at $0.05 on or before the date which is 3 years from the date of issue) ( Loyalty Options ) for every five (5) fully paid ordinary shares ( Shares ) held by eligible shareholders at 5:00pm (WST) on 20 July 2016 at an issue price of $0.002 per Loyalty Option ( Entitlement Offer ).
The Entitlement Offer is fully underwritten by Patersons Securities Limited.
Up to approximately 34,554,134 Loyalty Options will be issued pursuant to the Entitlement Offer to raise up to $69,108 (before costs). The Company proposes to use the proceeds towards the costs of the Entitlement Offer and working capital.
Eligible shareholders will comprise those shareholders with a registered address in Australia or New Zealand as at 5:00pm (WST) on 20 July 2016.
Full details of the Entitlement Offer is contained in the prospectus lodged with ASX. Please note, however, that the timetable for the Entitlement Offer has moved forward by one trading day since lodgement of the Prospectus with ASIC. Set out below is the Entitlement Offer timetable updated to reflect the revised dates:
| Lodgement of Prospectus with the ASIC | 13 July 2016 |
|---|---|
| Lodgement of Prospectus & Appendix 3B with ASX | 14 July 2016 |
| Notice sent to Optionholders | 14 July 2016 |
| Notice sent to Shareholders | 18 July 2016 |
| Ex date | 19 July 2016 |
| Record Date for determining Entitlements | 20 July 2016 |
Suite 6, 295 Rokeby Road, Subiaco WA 6008 | ABN 57 096 781 716 T: +61 (0)8 6555 2950 | F: +61 (0)8 6166 0261 | W: www.tt-limited.com | E [email protected]
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| Prospectus despatched to Shareholders & Company | 25 July 2016 |
|---|---|
| announces despatch has been completed | |
| Opening Date of Entitlement Offer | 25 July 2016 |
| Opening Date of Underwriter Offer | 25 July 2016 |
| Last day to extend the Closing Date of the Entitlement | 29 July 2016 |
| Offer | |
| Closing Date of Entitlement Offer* | 4 August 2016 |
| Securities quoted on a deferred settlement basis | 5 August 2016 |
| ASX and Underwriter notified of under subscriptions | 9 August 2016 |
| Issue Date of Loyalty Options | 11 August 2016 |
| Quotation of Loyalty Options issued under the Offer* | 12 August 2016 |
| Closing Date of Underwriter Offer | 16 August 2016 |
| Issue Date of Underwriter Options | 16 August 2016 |
- The Directors may extend the Closing Date by giving at least 3 Business Days’ notice to ASX prior to the Closing Date. As such the date the Options are expected to commence trading on ASX may vary.
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Sarah Smith
Company Secretary
This release does not constitute an offer to sell, or the solicitation of an offer to buy, securities in the United States or in any other jurisdiction in which such an offer or sale would be illegal. This release may not be distributed or released in the United States. No action has been or will be taken to register, qualify or otherwise permit a public offering of the securities referred to in this release in any jurisdiction outside Australia. In particular, the Loyalty Options to be offered in the Entitlement Offer have not been, and none of them will be, registered under the U.S. Securities Act of 1933 (the "Securities Act") or the securities laws of any state or other jurisdiction of the United States. Accordingly, the Loyalty Options may not be offered, directly or indirectly, to, any person in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable U.S. state securities laws.
Suite 6, 295 Rokeby Road, Subiaco WA 6008 | ABN 57 096 781 716 T: +61 (0)8 6555 2950 | F: +61 (0)8 6166 0261 | W: www.tt-limited.com | E [email protected]
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