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RUMBLE RESOURCES LIMITED — Capital/Financing Update 2013
Sep 4, 2013
65736_rns_2013-09-04_1931df77-ba1e-43a9-8018-0c7a9d9dbcd4.pdf
Capital/Financing Update
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Rumble Raises $944k to Fully Fund Upcoming Exploration Programmes
5[th] September 2013
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Shortfall Placement closes oversubscribed, raising $944,728
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Rumble fully funded to commence exploration programmes in Burkina Faso and Western Australia
Rumble Resources Ltd (“ Rumble ” or the “ Company ”) is pleased to announce that it has successfully raised $944,728 by placing the shortfall from the recently completed entitlements issue with oversubscriptions.
On 14 May 2013, Rumble announced that it would offer eligible shareholders the opportunity to acquire additional fully paid ordinary shares in the capital of the Company via a non-renounceable entitlements issue (“ Entitlements Issue ”) on the basis of two shares for every share held at 4.5 cents per share, together with a one attaching option for every two shares subscribed for, exercisable at 8 cents on or before 30 June 2015 (“ Option ”).
The Entitlements Issue was for up to 24,107,052 shares and as announced on 20 June 2013, the Company received valid acceptances for 3,964,258 shares, leaving a shortfall of 20,142,794 shares (“ Shortfall ”).
Rumble has completed the placement of the Shortfall, being 20,142,794 fully paid ordinary shares, as well as additional subscriptions of 851,157 fully paid ordinary shares (“ Placement ”).
The Placement was undertaken on the same terms as the Entitlements Offer (issue price of 4.5 cents per share, with one free Option for every 2 shares subscribed for).
Shortfall shares and Options are issued pursuant to the Entitlements Offer prospectus, with the balance issued pursuant to the Company’s existing capacity under ASX Listing Rule 7.1. Hartleys Limited was Broker to the Offer.
Rumble is now fully funded to undertake its maiden drill program at the Derosa Project in Burkina Faso, which is expected to commence in October 2013, targeting the highly prospective Bompela Artisanal area. Rumble will also be able to undertake the geophysics program planned to commence at the Fraser Range Project in September 2013.
Rumble’s CEO Mr Shane Sikora said “we are encouraged by the strong support received in this round of funding. We are keen to now progress exploration activities across our exciting project portfolio. Completing this transaction with a strong level of demand in a tough equity market demonstrates the strong support for our projects and management team”.
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About Rumble Resources Ltd
Rumble Resources Ltd is an Australian based exploration company, officially admitted to the ASX on 1 July 2011. Rumble was established with the aim of adding significant value to its current gold and base metal assets and will continue to look at mineral acquisition opportunities both in Australia and abroad.
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----- Start of picture text ----- Rumble Resources LtdSuite 5, 26 Railway RoadSUBIACO WA 6008T +61 8 6555 3980F +61 8 6555 3981rumbleresources.com.au----- End of picture text -----
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----- Start of picture text ----- ASX RTRExecutives & ManagementMr Shane SikoraCEOMr Terry ToppingExecutive DirectorMr Andrew McBainNon-executive DirectorMr Matthew BanksNon-executive DirectorMr Michael SmithNon-executive DirectorMr David Palumbo----- End of picture text -----
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----- Start of picture text ----- Company SecretaryMr Andrew JonesExploration Manager----- End of picture text -----