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RUMBLE RESOURCES LIMITED — Capital/Financing Update 2014
Apr 27, 2014
65736_rns_2014-04-27_02345201-055b-4384-9d5d-89c7e3f33eef.pdf
Capital/Financing Update
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----- Start of picture text ----- Rumble Resources LtdLevel 1, 33 Richardson StreetWEST PERTH WA 6005T +61 8 6555 3980F +61 8 6555 3981rumbleresources.com.au----- End of picture text -----
Information Required under ASX Listing Rule 3.10.5A
28th April 2014
Further to the announcement on 14 April 2014 where Rumble Resources Limited (‘Rumble’ or the ‘Company’) announced that it had raised $1.8m, the Company is pleased to advise that 33,115,997 fully paid ordinary shares have been issued at $0.045 a share to raise $1,490,220. The remaining portion of shares are to be issued shortly.
Details of issue under 10% Placement Facility under LR 7.1A
Rumble provides the following information required under ASX Listing Rule 3.10.5A in respect of the shares issued on 28 April 2014:
- a) The dilutive effect of the Placement on existing shareholders is as follows:
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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 -----
Number of shares on issue prior to the Placement: 79,503,480
| Placement issue under Listing Rule 7.1A (7,700,298 shares) | 6.83% |
|---|---|
| Placement issue under Listing Rule 7.1 (25,415,699 shares) | 22.57% |
| Total dilution as a result of Placement | 29.40% |
Number of shares on issue following the Placement: 112,619,477
Details of the approximate percentage of the issued capital following the completion of the Placement held by pre-Placement shareholders and new shareholders are as follows. Please note this information relates specifically in relation to the portion of shares issued under Listing Rule 7.1A (7,700,298 shares).
| Pre-Placement shareholders who did not participate in the Placement | 98.88% |
|---|---|
| Pre-Placement shareholders who did participate in the Placement | 1.12% |
| Participants in the Placement who were not previously shareholders | 5.29% |
- 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.
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----- Start of picture text ----- Company SecretaryMr Andrew JonesExploration Manager----- End of picture text -----
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c) No underwriting arrangements were in place for the Placement.
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d) The Company will pay a 6% commission on the funds raised.
ENDS
For further information visit rumbleresources.com.au or contact [email protected].
Shane Sikora CEO