RENASCOR RESOURCES LIMITED — Capital/Financing Update 2015

Jun 1, 2015

Notice reference number: 0609.15.06

What’s this about? Effective date: 2/06/2015

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 ASX Trade ASX 24
 Trading Clearing Settlement
Operations Technology Market Data Rules  Compliance Risk  Other
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Title

Renascor Resources Limited – Accelerated Non-Renounceable Entitlement Offer

Description

Renascor Resources Limited (ASX Code: RNU) (Company) announced a partially underwritten accelerated nonrenounceable pro-rata entitlement offer of 1 new share for every 2 existing shares held offered at a price of $0.02 per share together with one free attaching option for every two new shares subscribed for, exercisable at A$0.03 on or before 30 September 2016 to raise approximately A$1.383 million (Entitlement Offer).

The Entitlement Offer has the following three components.

• An institutional entitlement offer, where offers have been made to eligible institutional securityholders for them to apply for their pro-rata entitlement (Institutional Offer).

• An institutional shortfall bookbuild, where institutional entitlements not taken up and entitlements of ineligible institutional securityholders will be sold through a bookbuild process (Institutional Bookbuild).

• A retail entitlement offer, where offers will be made to qualifying retail securityholders for them to apply for their pro-rata entitlement (Retail Offer).

The anticipated timetable in relation to the Entitlement Offer is set out below.

Event	Date
Institutional Offer opens and Institutional Bookbuild conducted	Tuesday, 2 June 2015
Announce results of Institutional Offer and Institutional Bookbuild Trading resumes on an ‘ex entitlement’ basis	Wednesday, 3 June 2015
Record date for Entitlement Offer	Friday, 5 June 2015
Retail Offer opens Retail Offer booklet despatched	Wednesday, 10 June 2015
Issue of new shares issued under the Institutional Offer	Monday, 15 June 2015
Retail Offer closes	Friday, 3 July 2015 - 5:00pm (EST)
Issue of new shares under Retail Offer	Thursday, 9 July 2015

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ASX Notice Notice

Trading commences in new shares issued under Retail Offer

Friday, 10 July 2015

Settlement issues

Despite the fact that securities are trading ‘ex entitlement’ on ASX Trade, CHESS will not recognise for settlement purposes the ‘ex entitlement’ or the ‘cum entitlement’ tag on CHESS messages and CHESS will not maintain cum balances during the deemed ‘CHESS ex-period’, i.e. the period commencing on the deemed CHESS ex-date up to and including the record date. However, a record date cum balance will be available the business day following the record date, which will be equal to the registered holding balance at CHESS end of day on the record date. As a result any transfer that occurs prior to record date will be effectively transferred on a ‘cum entitlement’ basis.

Therefore, Participants must ensure that any transfer, including the priming of Broker Entrepot Accounts, is conducted in accordance with the basis of quote. For example, a transfer in relation to a transaction conducted on an ‘ex entitlement’ basis should ordinarily only occur post record date.

CHESS will perform automatic diary adjustments to ‘cum entitlement’ settlement obligations outstanding as at the record date.

Trading issues

ASX will not price a ‘cum entitlement’ market with respect to trading in the Company’s securities.

What do I need to do and by when?

For further details, please refer to the Company’s announcements on Tuesday, 2 June 2015.

Need more information?

If further information is required in relation to the Entitlement Offer, please contact the Company’s Managing Director – Mr David Christenson or Company Secretary – Mr Angelo Gaudio on +61 8 8363 6989 or go to the Company’s website (www.renascor.com.au).

Issued by Lisa Banh Contact Details (02) 9227 0409

Disclaimer

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