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REDIVIUM LIMITED — Capital/Financing Update 2021
Oct 26, 2021
65703_rns_2021-10-26_09a29d3c-ec33-4eb6-82c2-589a1bdc2da5.pdf
Capital/Financing Update
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27 October 2021
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Rights Issue Closing Date
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Fully underwritten rights issue will close on Monday, 1 November 2021
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Rights issue price 2.5 cents per share
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Rights issue to raise $5.5 Million
Hannans Ltd (ASX: HNR) ( Hannans or the Company ) reminds shareholders the Rights Issue will close on Monday, 1 November 2021. The quickest and easiest way to access your personalised Entitlement and Acceptance Form is to visit www.hannansoffer.thereachagency.com. Personalised entitlement forms are also available online from Computershare.
Hannans largest shareholder Neometals has committed $1.8 Million to the rights issue to maintain its 33% equity holding. Euroz Hartleys Limited has been engaged to act as lead manager and underwriter to the Rights Issue. Funds raised from the rights issue will be allocated to:
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commercialising the rights to recover high purity metals from scrap and spent lithium-ion batteries using a patent pending recycling technology in Sweden, Norway, Denmark and Finland;
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nickel, copper and gold exploration on Hannans existing West Australian projects; and
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general working capital.
The following table sets out indicative dates through to completion of the rights issue:
| Event | Proposed Date1 |
|---|---|
| Offer Closes at 5:00pm(WST) | Mon,1 November 2021 |
| New Sharesquoted on a deferred settlement basis | Tues,2 November 2021 |
| Announcement of results of issue(includinganyShortfall) | Wed,3 November 2021 |
| Issue and lodgement of Appendix 2A with ASX | Mon,8 November 2021 |
Note: 1 These dates are indicative only and may change, subject to compliance with the Corporations Act and the ASX Listing Rules.
2 The Directors may extend the Closing Date by giving at least 3 Business Days’ notice to ASX prior to the Closing Date. Accordingly, the date the Shares are expected to commence trading on ASX may vary.
This ASX announcement has been authorised for release by Damian Hicks, Executive Director.
For further information, please contact:
Ian Gregory Company Secretary
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Hannans_Ltd [email protected]
www.hannans.com @Hannans_Ltd
+61 8 9324 3388
Level 12, 197 St Georges Terrace, Perth, Western Australia
ASX: HNR ABN: 52 099 862 129