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RENASCOR RESOURCES LIMITED — Capital/Financing Update 2014
May 4, 2014
65723_rns_2014-05-04_bceea63d-6334-48fe-bf82-027935460bb7.pdf
Capital/Financing Update
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ASX Announcement
5 May 2014
INFORMATION REQUIRED UNDER ASX LISTING RULE 3.10.5A
Further to the Appendix 3B released on 5 May 2014 for the issue of 6,640,000 fully paid ordinary shares raising $332,000 under the share placement announced on 22 April 2014 (“Placement”), Renascor Resources Limited (“the Company”) (ASX: RNU) provides the following information required under ASX Listing Rule 3.10.5A.
- (a) The dilution to existing shareholders as a result of the Placement is as follows:
| Share Details | **Issued Shares ** | Dilution |
|---|---|---|
| Number of shares on issueprior to the Placement | 114,800,000 | |
| Placement issue under ListingRule 7.1A | 6,640,000 | 5.47% |
| Numberofshares on issuefollowing thePlacement | 121,440,000 |
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(b) The Company issued shares under Listing Rule 7.1A as it considered the Placement as the most efficient and expedient method for raising the funds required to achieve its stated objectives. The Company has announced a share purchase plan to provide eligible existing shareholders with the opportunity to subscribe for additional shares at the same price offered to investors under the Placement ($0.05 per share).
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(c) The Placement was not underwritten.
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(d) The Company will pay fees and costs of approximately $40,000 in connection with the funds raised.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr David Christensen
Managing Director +61 8 8363 6989 [email protected]
Mr Angelo Gaudio
Company Secretary
ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]
ASX code: RNU www.renascor.com.au
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