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RUMBLE RESOURCES LIMITED — Capital/Financing Update 2013
May 13, 2013
65736_rns_2013-05-13_f5dd5b6f-1b19-478b-b696-36990048d834.pdf
Capital/Financing Update
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14 May 2013
RUMBLE TO RAISE $1.35 MILLION TO FUND EXPLORATION
Rumble Resources Limited (ASX:RTR) is pleased to advise that it will raise up to approximately $1.35 million through the issue of up to approximately 30 million new shares at 4.5 cents per share, and with one free attaching option for every two new shares. The capital raising comprises a placement to raise approximately $0.26 million and a rights issue to raise up to approximately $1.1 million. Hartleys Limited is Broker to the Offer.
Placement
The placement was priced at 4.5 cents per share and with 1 free attaching option for every 2 shares subscribed for (“Placement”). The free attaching options will be listed and have an exercise price of 8 cents and an expiry date of 30 June 2015 (“Options”).
The Placement shares are not subject to shareholder approval and will fall within the Company’s 15% placement capacity under ASX Listing Rule 7.1. The Options will be issued subject to shareholder approval and listed on the ASX, subject to meeting the relevant spread requirements. A Notice of Meeting seeking shareholder approval for the issue of the Options will be sent to all shareholders in due course.
Entitlement Offer
The Company also intends to undertake a non-renounceable pro-rata entitlement offer (“Entitlement Offer”) to enable the participation by existing shareholders on the same terms as the Placement. The Entitlement Offer will be undertaken on the ratio of 1 new share for every 2 Rumble shares held at an issue price of 4.5 cents per share together with 1 free attaching Option for every 2 new shares subscribed for.
Each Director of Rumble intends to take up their entitlements in full.
The record date for the Entitlement Offer will occur after the settlement and issue of Placement shares, meaning that the Placement shareholders will be eligible to participate in the Entitlement Offer.
Indicative Timetable
The indicative timetable for the Entitlement Offer is set out below:
| Indicative Timetable | Date |
|---|---|
| Announcement of Entitlement Offer | 14 May 2013 |
| Notice of Entitlement Offer sent to Optionholders | 14 May 2013 |
| Lodgement of Appendix 3B and Prospectus with ASX | 17 May 2013 |
| Notice of Entitlement Offer sent to Shareholders | 20 May 2013 |
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Rumble Resources Ltd
Suite 5, 26 Railway Road
SUBIACO WA 6008
T +61 8 6555 3980
F +61 8 6555 3981
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ASX RTR
Board of Directors
Mr Andrew McBain
Managing Director
Mr Terry Topping
Executive Director
Mr Michael Smith
Non-executive Director
Mr Matthew Banks
Non-executive Director
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Mr David Palumbo
Company Secretary
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| Indicative Timetable | Date |
|---|---|
| Shares quoted on an “EX” basis | 21 May 2013 |
| Record date for determining Entitlements | 27 May 2013 |
| Prospectus and Entitlement and Acceptance Form despatched to Eligible Shareholders |
31 May 2013 |
| Shareholder meeting to approve issue of Options to Placement Shareholders |
17 June 2013 |
| Closing Date of Entitlement Offer* | 17 June 2013 |
| Shares quoted on a deferred settlement basis | 18 June 2013 |
| Notification of Shortfall | 20 June 2013 |
| Anticipated date for issue of the Securities and despatch of holder statements |
25 June 2013 |
| Anticipated date for commencement of Securities trading | 26 June 2013 |
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- Subject to the Listing Rules, the Directors reserve the right to extend the Closing Date for the Entitlement Offer. Any extension of the Closing Date will have a consequential effect on the anticipated date for issue of the Securities.
Up to a maximum of 608,409 Options will be issued to parties which assisted with the Placement. The Company also intends to issue Options to parties which assist with the Entitlement Offer and any subsequent shortfall placement.
Exploration at Derosa
Funds raised pursuant to the Placement and Entitlement Offer will be used primarily for exploration and drilling activities at Rumble’s Derosa Project in Burkina Faso, and for working capital purposes. Drilling at the Derosa Project is expected to commence in mid June 2013, with results expected in early July 2013.
ENDS
For further information visit rumbleresources.com.au or contact [email protected]
Andrew McBain Managing Director
About Rumble Resources Limited
Rumble Resources Limited is an Australian based exploration company which was admitted to the Official List of the ASX on 1 July 2011. Rumble aims to add significant value to its current gold and base metal assets as well as continuing to look at mineral acquisition opportunities both in Australia and abroad.