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RENASCOR RESOURCES LIMITED — Capital/Financing Update 2017
Sep 26, 2017
65723_rns_2017-09-26_9f493371-7b61-4224-9d0c-4e5686aa2f4e.pdf
Capital/Financing Update
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----- Start of picture text ----- INFORMATION REQUIREDUNDER ASX LISTING RULE3.10.5AASX: RNU----- End of picture text -----
ASX RELEASE September 27, 2017 Renascor Resources Ltd ABN 90 135 531 341
HEAD OFFICE 36 North Terrace Kent Town, SA 5067 Australia
CONTACT
T: +61 8 8363 6989 F: +61 8 8363 4989 [email protected] www.renascor.com.au
ASX CODE RNU
Further to the Appendix 3B released on 27 September 2017 for the issue of 120,698,060 fully paid ordinary shares raising $2,051,867 (before costs) under tranche#1 of the share placement announced on 20 September 2017 (“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 DetailsIssued SharesDilution | Share DetailsIssued SharesDilution | Share DetailsIssued SharesDilution |
|---|---|---|
| Number of shares on issueprior to theplacement | 482,793,861 | |
| Placement issue under ListingRule 7.1A | 48,279,386 | 8.00% |
| Placement issue under ListingRule 7.1 | 72,418,674 | 12.00% |
| Number of shares on issue following the placement shares issued | 603,491,921 |
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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.
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(c) The Placement was not underwritten.
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- (d) The Company will pay fees and costs of approximately $132,000 in connection with the Placement funds raised.
FOR FURTHER INFORMATION, PLEASE CONTACT:
David Christensen Angelo Gaudio Managing Director Company Secretary +61 8 8363 6989 [email protected]