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SILVER MINES LIMITED — Capital/Financing Update 2018
Aug 14, 2018
65881_rns_2018-08-14_407d45d3-1d00-4e52-aaba-05b4faea25d1.pdf
Capital/Financing Update
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Level 11, 52 Phillip St Sydney NSW 2000 T: +61 2 8316 3997 F: +61 2 8316 3999 [email protected] www.silverminesltd.com.au
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15 August 2018
Company Announcement Officer ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000
ENTITLEMENTS ISSUE: DESPATCH OF PROSPECTUS
Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Company”) advises that the Prospectus for the Company’s partially underwritten, renounceable entitlements offer ( Offer ) announced on 3 August 2018 will today be despatched to Shareholders.
The terms of the Offer are as follows:
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(a) Eligible Shareholders are offered the ability to subscribe for one (1) fully paid ordinary share ( New Share ) for every four (4) existing shares they hold in the Company, as at the record date (10 August 2018).
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(b) Eligible Shareholders will receive one new option for every two New Shares subscribed for. The New Options will have an exercise price of $0.06, with an expiry date which is three years from issue.
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(c) Eligible Shareholders include shareholders who are noted in the Share Registry as having an address in Australia or New Zealand as at the record date.
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(d) Shareholders are able to trade their entitlements on the ASX. Patersons Securities Limited has been appointed as nominee of ineligible shareholders for the purpose of selling their entitlements.
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(e) The Offer is being partially underwritten by Patersons Securities Limited to the value of $2,500,000.
The Offer is intended to be conducted in accordance with the following timetable*:
| Announcement of Offer | 3 August 2018 |
|---|---|
| Lodgement of Prospectus with ASIC | 3 August 2018 |
| Copy of Prospectus given to ASX | 3 August 2018 |
| Notices sent to Shareholders | 6 August 2018 |
Silver Mines Limited
ABN: 45 107 452 942
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| Ex-date | 9 August 2018 |
|---|---|
| Trading of rights commences | 9 August 2018 |
| Record Date | 10 August 2018 |
| Prospectus despatched to Shareholders (and announcement of | 15 August 2018 |
| despatch) | |
| Closure of rights trading | 24 August 2018 |
| Last day to extend the Closing Date | 28 August 2018 |
| Closing Date* | 31 August 2018 |
| ASX notified of under subscriptions | 4 September 2018 |
| Issue date | 6 September 2018 |
| Trading of Securities commences on a normal basis | 7 September 2018 |
- The above dates are determined based upon the current expectations of the Directors. The Directors reserve the right to extend the Closing Date by giving at least three Business Days’ notice to ASX prior to the Closing Date. Such extensions would have a consequential effect on subsequent dates.
Yours faithfully Silver Mines Limited
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Trent Franklin Company Secretary
Silver Mines Limited ABN: 45 107 452 942
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