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REDIVIUM LIMITED — Capital/Financing Update 2012
Oct 1, 2012
65703_rns_2012-10-01_7d70db2c-c72b-4f3a-837f-9120f077a3cd.pdf
Capital/Financing Update
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2 October 2012
ASX & MEDIA ANNOUNCEMENT
SHARE PURCHASE PLAN TO RAISE $1.5 MILLION
Hannans Reward Ltd ( Hannans ) (ASX:HNR) is pleased to provide eligible shareholders with the opportunity to subscribe for Hannans shares at a 15% discount by participating in a Share Purchase Plan ( Plan ), which seeks to raise $1.5 million.
Eligible shareholders will be provided with the opportunity to subscribe for up to $15,000 worth of shares under the Plan at a 15% discount to the 5 day volume weighted average price of Hannans shares before the closing date of the offer, free of brokerage, and commission. The Plan will close on Friday, 26 October 2012 so shareholders are required to act quickly.
The Directors have determined that the Plan be made eligible to registered shareholders owning fully paid ordinary shares in Hannans as at 5.00pm WST on Friday, 28 September 2012 ( Record Date ).
Hannans’ last capital raising was completed in September 2009 when it raised $5.5 million. The proceeds from the 2009 capital raising and proceeds from selling the Hannans’ investment portfolio have enabled the Company to fund its aggressive exploration program during the last three years.
The funds raised will be allocated to assist Hannans to:
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continue drilling to upgrade the JORC Iron resource at the Rakkurijoki project located in Sweden;
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complete a preliminary scoping study for the Rakkurijoki project; and
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continue exploration for copper and gold in Sweden, Norway and Australia.
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Indicative Timetable
A timetable for the Plan is set out below, although this remains subject to change.
| Event | Date |
|---|---|
| Record Date (5:00pm, WST) | Friday, 28 September 2012 |
| Announcement Date of Plan | Tuesday, 2 October 2012 |
| Opening Date of Offer | Monday, 8 October 2012 |
| Shareholder briefing session1 | Tuesday, 9 October 2012 |
| Broker/Analyst briefing session2 | Wednesday, 10 October 2012 |
| Closing Date of Offer | Friday, 26 October 2012 |
| Issue of Shares under the Plan | Friday, 2 November 2012 |
| Dispatch Date for Holding Statements | Monday, 5 November 2012 |
| Quotation of Shares on ASX | Tuesday, 6 November 2012 |
Note:
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A shareholder briefing session will be held at the Hannans office at 10AM on Tuesday, 9 October 2012.
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A broker/analyst lunch session will be held at the Hannans office at 1.30PM on Wednesday, 10 October 2012. If you are interested in attending a briefing session, please contact Hannans to confirm your attendance.
Hannans will distribute the Plan offer documentation shortly.
If you have any questions relating to the Plan, please contact Hannans on +61 (8) 9324 3388 or your professional financial advisor.
For further information please contact:
Damian Hicks Ben Della-Vedova Managing Director Business Development Manager Hannans Reward Ltd Tel: +61 8 9324 3388 Hannans Reward Ltd Tel: +61 8 9324 3388
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