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SPC GLOBAL HOLDINGS LTD — Capital/Financing Update 2016
Jan 17, 2016
65843_rns_2016-01-17_47377439-a214-4408-9c1f-44a0d05f3d87.pdf
Capital/Financing Update
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PROSPECTUS CLOSES HEAVILY OVERSUBSCRIBED
ASX ANNOUNCEMENT 18 January 2016
HIGHLIGHTS
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Crest Minerals Limited (ASX: CTT) (“Crest”), to be renamed The Food Revolution Group, has closed its re-listing prospectus raising $12 million in a heavily oversubscribed offer
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The company was delighted with the quality of new investors including a number of highly regarded global fund managers, as well as strategic Chinese investors
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Final conditions to complete the transaction are expected to be met within the coming weeks.
Crest advises that the reverse takeover (“ RTO ”) of Crest by LangTech International Pty Ltd (“LangTech”) (announced 28 July 2015) is nearing completion with a majority of the key steps required to complete the RTO having been satisfied.
Crest Chairman Simon O’Loughlin said: “We are very pleased with the progress of the transaction and strong support received for the capital raise. Both groups are now working to complete the final stages of the process with an outcome expected shortly.”
The next key step in the process is ASX confirming re-compliance with Chapters 1 and 2 of the ASX Listing Rules and allowing recommencement of trade.
Shareholder and Media Contacts:
Simon Doherty Taylor Collison [email protected]
+61 2 9377 1500
Nathan Ryan
NWR Communications [email protected] +61 (0) 420 582 887
A Level 1, 67 Greenhill Road, Wayville SA 5034 | E [email protected] www.crestminerals.com.au