AI assistant
RUMBLE RESOURCES LIMITED — Capital/Financing Update 2014
Nov 20, 2014
65736_rns_2014-11-20_a282235a-40e5-4ded-9ddc-0ce102240bcd.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [334 x 68] intentionally omitted <==
Information Required under ASX Listing Rule 3.10.5A
21 November 2014
Further to the announcement on 7 November 2014 where Rumble Resources Ltd (“Rumble” or the “Company”) announced that it had raised $1.25m, the Company is pleased to advise that 24,709,999 fully paid ordinary shares have been issued at $0.045 per share to raise $1,111,950. The remaining portion of the shares are to be issued shortly.
The Company also issued 1,041,667 fully paid ordinary shares to the Vendors of the Fraser Range Project, being the Milestone shares due within 28 days of commencement of drilling at the Fraser Range Project, as announced on 5 July 2013.
Rumble Resources Ltd
Level 1, 33 Richardson Street, West Perth, WA 6005
T +61 8 6555 3980
F +61 8 6555 3981
Details of issue under 10% Placement Facility under LR 7.1A
The Company provides the following information required under ASX Listing Rule 3.10.5A regarding the issue of the above mentioned shares:
rumbleresources.com.au
ASX RTR
- a) The dilutive effect of the issue of shares as mentioned above is as follows:
Number of shares on issue prior to the Placement and Milestone shares: 124,399,477
| Placementissued under ListingRule7.1A(9,097,578) | 6.06% |
|---|---|
| Milestone shares issued under Listing Rule 7.1A (1,041,667) | 0.69% |
| Placement issued under Listing Rule 7.1 (15,612,421) | 10.40% |
| Total dilution as a result of the above shares issued | 17.15% |
Number of shares on issue following the Placement and Milestone shares: 150,151,143
-
b) The Company issued the shares as a placement under Listing Rule 7.1A as it believed this was the most efficient mechanism for raising funds at the time.
-
c) No underwriting arrangements were in place for the Placement.
-
d) The Company will pay a 6% commission on the funds raised.
ENDS
For further information visit rumbleresources.com.au or contact [email protected].
Executives & Management
Mr Shane Sikora CEO
Mr Terry Topping Executive Director
Mr Matthew Banks Non-executive Director
Mr Michael Smith Non-executive Director
Mr Andrew McBain Non-executive Director
Mr Bruno Seneque Company Secretary
About Rumble Resources Ltd
Rumble Resources Ltd is an Australian based exploration company, officially admitted to the ASX on the 1st 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.