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RIEDEL RESOURCES LIMITED — Capital/Financing Update 2011
May 8, 2011
65702_rns_2011-05-08_bd7e04e3-68fb-4530-ad8b-ee6e32f810a7.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT 9 May 2011
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COMPANY DIRECTORS
Mr Ian Tchacos Non-Executive Chairman
Mr Bruce Franzen Executive Director
Mr Jeffrey Moore Managing Director
Mr Andrew Childs Non-Executive Director
Mr Wolfgang Zimmer Non-Executive Director
Riedel Resources Limited (“Riedel”) advises the timeable for the non-renounceable issue of options announced on 3 May 2011 has been amended. A copy of the amended timetable is attached. Changes have been made to the “Ex Date” and also the “Record Date”. Other dates in relation to the offer have remained unchanged.
The shares will trade ex-entitlement from the start of trading on 12 May 2011 and the New Options will be offered on the basis of one (1) New Option for every two (2) Shares held on the Record Date of 18 May 2011.
COMPANY SECRETARY Mr Bruce Franzen
CONTACT DETAILS
Principal & Registered Office Suite 1 45 Ord Street West Perth WA 6005 Australia
Postal Address
PO Box 1559, West Perth WA 6872
Website
Each Shareholders entitlement under the Offer will be set out in the Entitlement and Acceptance Form that will accompany the Prospectus, to be mailed to Shareholders registered at the Record Date.
Phone
The Company will apply for official quotation of the Options issued under the Prospectus.
+61 8 9226 0866
Facsimile +61 8 9486 7375
ABN:91 143 042 022 ASX CODE: RIE
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The timetable for the offer is as follows:
| EVENT | DATE |
|---|---|
| Announcement of Option Issue | 3 May 2011 |
| Prospectus lodged with ASIC | 4 May 2011 |
| Notice of Option Issue sent to Shareholders and prospectus lodged with ASX | 6 May 2011 |
| “Ex” Date (date from which Shares commence trading without the entitlement to | 12 May 2011 |
| participate in the Option Issue) | |
| Record Date (date for determining Shareholder entitlements to participate in the | 18 May 2011 |
| Option Issue) | |
| Prospectus sent to Shareholders and Opening Date | 19 May 2011 |
| Closing Date | 2 June 2011 |
| Options begin trading on ASX on a deferred settlement basis | 3 June 2011 |
| Notification to ASX of Shortfall | 7 June 2011 |
| Despatch date/Options entered into Shareholders’ security holdings | 10 June 2011 |
| Close of Shortfall Offer | 15 June 2011 |
Notes
Dates are indicative only. Subject to the Listing Rules, the Directors may vary the dates without prior notice.
For further information please contact:
Bruce Franzen Executive Director Riedel Resources Limited Tel: 61 8 9226 0866 Email: [email protected]
Jeffrey Moore Managing Director Riedel Resources Limited Tel: 61 8 9226 0866 Email: [email protected]
About Riedel Resources Limited
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Riedel Resources Limited is an Australian Based exploration Company established to explore for and develop gold and base metals mineralisation in Western Australia. The Company was incorporated on 9 April 2010 as a public company for the purpose of acquiring a portfolio of highly prospective exploration projects located in Western Australia from ADX Energy Limited (formerly AuDAX Resources Limited). Riedel successfully listed on the ASX on 31 January 2011.
Further information can be found on Riedel Resources at the Company’s website www.riedelresources.com.au .